Today FASB announced its decision in favor of relaxing standards on mark-to-market accounting rules.  As discussed in yesterdays post it was speculated that the equity markets would favor relaxed standards and the bond market may not.  This speculation came to fruition as we saw the DOW post a gain...

Another calm day in the MBS market (FNMA 30 YR 4.5% 101.72) translated into a stable day in Mortgage Rates. SEE REAL TIME MORTGAGE RATES!  Positive News for New Home Sales, February numbers reflected a 4.7% increase.  On the down side prices are down year over year. Don’t look now but oil prices...

Mortgage Rates improved slightly today. See Real Time Mortgage Rates This week, there isn’t much economic news upon which to trade, save for Thursday Retail Sales data.  Therefore, markets will look for other clues about the future of the U.S. economy. Tuesday, Fed Chairman Ben Bernanke has a...

Image via Wikipedia As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the First-Time Homebuyer Credit Form. True to tax code standards, the 10-field form is accompanied by 3 pages of instructions. Form 5405 is a helpful,...

Conforming mortgages are limited by loan size, based on “typical” housing costs around the country.  The current conforming limit on a single-unit property is $417,000. In 2008, as part of the Economic Stimulus Act of 2008, Congress authorized conforming loan limits increases in “high-cost”...

View Larger Map Geordie Romer’s most recent post “Mortgage Roundtable II” brings together the TOP Echelon of Mortgage Planners, Professionals and Bloggers to Debate the State of Real Estate Lending.   Geordie’s Post offers an inside look at how 5 Mortgage Professionals see the world...

Myequitypro.com has developed an exciting option for consumers without the worry of personal information being divulged. Real time Mortgage Rates will allow consumers to take advantage of affordable rates while feeling completely confident with www.MyEquityPro.com. Seattle, WA (PRWEB) February 17, 2009...

Geordie Romer’s most recent post “Mortgage Roundtable – Part I” brings together the TOP Echelon of Mortgage Planners, Professionals and Bloggers to Debate the State of Real Estate Lending.   Geordie’s Post offers an inside look at how 5 Mortgage Professionals see the world of Mortgage...

Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however. Homeowners buying...

Prepaid Finance Charges are certain charges made in connection with the loan and which must be paid upon the close of the loan. These charges affect the APR calculation.  Each line item on the Good Faith Estimate includes a ‘PFC‘ box next to the dollar amount of the item.  All items...