Mortgage Rates improved today after MBS posted a 28bp gain. (See Real Time Rates) After the lowest Consumer Confidence number since they started tracking it in 1967.
The Fed started its 2-day meeting this morning. Whose listening and what are they going to say? They have already reduced the Fed Funds to...
Image by respres via Flickr
If you are planning on buying an foreclosure home it is imperative that you work with an Realtor that is well versed with foreclosure transactions. Each bank has their own set of guidelines and many to not acknowledge the Arizona Real Estate Purchase Contract so the more...
Mortgage guidelines continue to change, add this to the New Mortgage Guidelines 2009 list.
Lenders who sell their paper to Fannie Mae and Freddie Mac (the majority of Lenders) have implemented a new guideline for individuals who are prospective Mover Uppers and Investors.
The three facets prospective buyers...
Short sales are different than bank-owned/foreclosure/repo homes, and also different than regular resales. They are a strange mix of the two. With a short sale, the owner still technically owns their home, but owes more on their mortgage than what the home is worth. Therefore, in order to sell, they need to...
“I used Turbo Tax” responded Timothy Geithner, “it was me not the software” at his Senate Finance Committee hearing. As Bill Winterberg CFP® Twitter (@BillWinterberg) commented “think one must override TurboTax’s automatic calc of SE tax and SE 1/2 deduction”. My question is why is...
