Gift Funds For Downpayment
As lenders tighten mortgage guidelines for home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 10 percent. Anecdotally, guideline changes have led to an increase in the number of...Mortgage Approvals Are Getting More And More Scarce
The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening. The data comes from the Federal Reserve‘s quarterly survey to its member banks. The Fed asks senior bank loan officers around the...#HVCC CALL TO ACTION
Posted by yourmortgageplanner on Jun 10, 2009 in Featured Articles, Financial Awareness | 0 comments
To: All Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers
From: Marc Savitt, President- National Association of Mortgage Brokers
After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE...
Mortgage Rates May 4, 2009 – Weekly Forecast
Mortgage Rates improved Monday, regaining the majority of the losses posted Friday. If you are curious as to May 2009 Mortgage Rate Forecast visit the post. In short, rates will stay within the current range 4.5% – 4.875%. Early in the week, there’s not much data to sway markets, nor is there...B of A rebranding Countrywide = Lipstick on a Pig
Posted by yourmortgageplanner on May 2, 2009 in Financial Awareness, One Step Ahead, Say What? | 1 comment
They might be rebranding there name, although I am sure all the inexperienced and shady Loan officers from Country Wide will still be working their loans!
This is the TRUE meaning of Lipstick on a Pig! It is sad how BIG Marketing dollars can convince millions that you have a great Knowledgeable...
