When Is The Time To Refinance Your House?
By Jessica Bennet
Only you can decide if you are having problems in making payments on the mortgage that is financing your home. If you are having problems in making the payments, refinancing is an option. Other than that another item to consider in order to find your answer [...]
Was It Something I Said?
By Anne Weintraub, Esquire
Let’s face it: deals die. We all go into the purchase and sale contract of a home with a goal of closing, not just to push paper and let it fall apart. Some deals rightfully die because they should. The cause may be property damage, undisclosed problems, death, [...]
New Laws Governing Mortgage Originators
By Budd Moore
New lending laws regulate originator compensation and help protect the borrower’s “best interest.”
April brings Tax Day and this year it also brings new laws to govern mortgage originators. The new lending laws, effective April 1st, have leveled the playing field for all originators, including banks, mortgage companies, and mortgage [...]
If You Are Waiting To Buy - Think Again!
By C.J. Coury
Most prognosticators agree that home prices have somewhat stabilized from the days of annual double-digit deflation – others predict continued downward movement in home prices. No matter which group you chose to believe there is one absolute certainty – interest rates have increased substantially and [...]
Have H.A.F.A.?
By Anne Weintraub, Esquire
It was billed as an exciting new government program to assist homeowners who did not qualify for loan modifications under the Obama administration’s HAMP program. Under the Home Affordable Foreclosure Alternatives Program, or HAFA, a borrower could qualify for a short sale by submitting a HAFA application to their lender to [...]
Increase Sales With Underused Loan Products
By C.J. Coury
With the tightening of mortgage loan underwriting criteria we have experienced a much higher percentage of cash buyers than at any time since the creation of Fannie Mae. This phenomenon will continue to forestall the housing recovery for months to come unless we work harder to find ways [...]
Mortgage Shopping 101 – Making Sense of the Mortgage Market
By Jim Soda
Shopping for a mortgage can be time-consuming and difficult for homebuyers, especially in today’s market where many buyers don’t know where to begin. The Federal Reserve Board has put together the following tips so that you can make sense of the mortgage market and [...]
Will The New FHA Short Refinance Program Help Stem The Foreclosure Tide?
By C. J. Coury
Many of you have asked me what I expect the market impact to be of the newly released government program that calls for some principal reduction on the part of the lender. This is the FHA Short Refinance Program and here [...]
Communication Is Key
By C. J. Coury
Now more than ever it is critical to communicate with your buyers who are purchasing with the assistance of mortgage financing. Mortgage lenders have developed many new processes with the intent of eliminating as much fraud as possible. This increased scrutiny includes the utilization of electronic resources to help verify [...]
Mortgage Underwriting Guidelines Beginning To Ease
By C. J. Coury
I have been looking forward to writing about this topic for months now – the time has finally come!
Over the past 2 years or so we have been witnessing the end of a much too liberal lending era. Unfortunately, the change in direction went too far and [...]
Tuesday, August 30, 2011
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