ARCHIVED BLOG POSTS
2008
2
Comments
They are extremely vital to the health of our housing market, as evidenced over the last year when Wall Street money dried up in the mortgage markets. Fannie and Freddie kept the conforming, full doc mortgage market moving along as if nothing was amiss. Their problems started when investors of Fa...
08/20/2008
By now we have all been informed that thanks to H.R. 3221, all forms of Seller Funded Down Payment Assistance will cease to exist as of 9/30/08. What we have to remember is that lenders will probably start eliminating it from their offerings much sooner. I know of one national lender who says t...
08/19/2008
0
Comments
I've said it before; you really need an expert when it comes to VA loans. There is still a good deal of confusion and misinterpretation out there, even on the part of professionals in the mortgage industry. I went round and round today with someone who insisted that he knew what he was talking ab...
08/18/2008
5
Comments
OK, Fannie Mae (FNMA) is at it again. As of 10/1/08, they are raising the cost of loans for borrowers. They are doing it two ways. First, they are increasing costs on their matrix of "risk based" pricing model (see below), which means that if you do not have a 40% down payment OR your qualifyin...
08/11/2008
0
Comments
They are extremely vital to the health of our housing market as evidenced over the last year when Wall Street money dried up in the mortgage markets. Fannie and Freddie kept the conforming, full doc mortgage market moving along as if nothing was amiss. Their problems started when investors of Fa...
08/08/2008
11
Comments
Some ideas are so good and at the same time so bad when they are used incorrectly. And what happens to good ideas and programs that are not used as they should be? They go away and then serve no one. HR 3221 was signed into law by President Bush, is doing just that by abolishing down payment assi...
08/04/2008
2
Comments
It's no news that people are upside down on their mortgages. It is an unfortunate circumstance that is affecting people from all income brackets and walks of life. What is also unfortunate is that family members of these mortgagees in distress are prohibited from officially assisting. There are s...
08/02/2008
Rainmaker
68,012
68,012
Brian P. Forrester
Real Estate Resources
