With mortgage rates are hovering near all-time lows, lots of Americans are taking advantage of refinance and home buying opportunities. The downside of today’s unexpectedly-low rates, though, is that mortgage lenders are ill-equipped for the rush of new business. As a result, the process of underwriting...

With Mortgage Rates at historic lows and a Plethora of REO and Bank Owned homes, now there is no better time to buy a Second Home!

Mortgage Rates improved by 1/8 today after the FNMA 30 YR 4.5% MBS posted .0625bp gain.  More Obama action pushed the overall financial markets down today. REAL TIME Mortgage Rates Our current recession has been thus far called ”housing-led” and was predicted to last several years.  Last...

Mortgage Rates stabilized this week ending where they started.  The FNMA 30 YR 4.5% posted a small .0937bp gain, which equated into zilch for Mortgage Rates. (See Weekly chart below) The FED continued the now invigorated MBS Purchase Program aptly known as the Agency Mortgage-Backed Securities Purchase...

If you’re in need of a cash out refinance, the most liberal cash-out program in town is about to make qualification more difficult. Effective April 1, 2009, the FHA is reducing the maximum loan-to-value on cash-out refinances by 10 percent, dropping the loan size limit from 95% of the home’s...

The Judo Champ himself caught undercover, in clasic KGB style in the former Soviet Union.  Who would thought the supper controller was once in the presence of the Great Reganator! Putin is the dude on the left with the tourist neck 1 kill Camera.

The national housing market got its third piece of good news in 3 days: Monday: Existing Home Sales up Tuesday: Home values appear higher nationally Wednesday: New Home Sales up And although national real estate statistics are irrelevant to the local markets in which real estate transactions happen,...

Mortgage Rates and MBS show impressive gain after late day DOW rally and Ominous Uber Regulator static. Geithner Testifies Before House Committee and gives hint of over regulation. We went too far now the GOV must do the same.  Odd way of self correcting the former FREE Market.  Time to re-read Commanding...

If the following appraisal guidelines look foreign to you, that’s okay, because this update is intended for Appraisers and Underwriters. 1. The Market Conditions Addendum (Fannie Form 1004MC/Freddie Form 71). 2. At least 2 comparable sales within 90 days of appraisal date. 3. A minimum of 2 active...