Mortgage markets improved last week, briefly touching their best levels in 3 months.
However, a rough Friday afternoon took away some of those gains.
Mortgage rates touched their lowest levels of the week Friday morning before tacking on an eighth-percent or more over the last 90 minutes of...
Since 2007, mortgage lenders have clamped down in many areas of underwriting, but none more so than in the area of credit scoring.
Minimum FICO levels are up 120 points or more and conforming mortgage lenders now levy large fees on borrowers whose scores are below 740.
Keeping your credit scores high is a...
Posted by
yourmortgageplanner on Sep 10, 2009 in
FTHB |
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What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed.
Unlike the tax credit that existed in 2008, this credit...
Unless you have either been under a rock for the past 12 months or you never work with first time homebuyers (FTHBs), you are no doubt aware the clock is ticking on the IRS tax credit for FTHBs. My purpose here is to give you some additional information on what you can do to move listings, motivate buyers,...
Once again, the country’s foreclosures are concentrated in just a few states.
As reported by foreclosure-tracking company RealtyTrac.com, more than 50 percent of the country’s foreclosure-related actions in August occurred in just four states:
* California : 25.76 percent
* Florida : 17.4...
