John's Blog

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Mortgage and Lending - Academy Mortgage - NMLS#329710
Bond prices climbed for the fifth straight session Thursday, helped by a government auction of 30-year bonds. The dollar fell against the euro and gained versus the yen. That should keep mortgage rates on the way down. Ny tuesday of next week should be prime for locking conforming loans.

ARCHIVED BLOG POSTS

2008 

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Listing Agents! At Wells Fargo Home Mortgage, we understand the challenges you face in today's market. The Wells Fargo Listing EdgeSM program offers you unique financing and marketing capabilities with the intent to give you the edge you need including: Special financing options Marketing Financi...
06/21/2008
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REO Simplified What does REO mean anyway? How is this different from the typical buying process? When considering a REO property - as with all properties - it is important to be well informed so you're well aware of the process from the first handshake through the closing. Q. What does REO mean?A...
06/21/2008
Only one major player in the mortgage market has never shifted to risk-based pricing - FHA, the largest federal mortgage program for first-time and minority buyers. But that may be about to change. Beginning July 14th, FHA will now utilizeĀ risk based pricingĀ for mortgage insurance, giving borrowe...
06/20/2008
Can any one give me direction on the process for getting a condominium project FHA approved? Has anyone guided one through HUD? Or can you recomend anyone who would assist in this process? I know there is a couple of firms that specilize in it. Any help is welcome.I am not looking to get a 'spot ...
06/20/2008
Specialized Loan Programs Like your new home, you should choose your mortgage based on the specific features it offers and how those features support your unique homebuying needs. Our innovative loan programs give you the flexibility to manage your home asset the way you want to. Purchase & Reno...
06/19/2008
Single Family Mortgage Revenue Bond Program (SFMRB) Commonly referred to as the First-Time Home Buyers Program, this statewide program provides first mortgage financing at below-market interest rates to low- and moderate-income Delaware homebuyers who have not owned a home in the past three years...
06/19/2008
Great News for property investors.. Your heard right! In an attempt to lower the amount of homes on the market available for sale and assist in balancing out the heavy inventory of homes.. The White House temporarily suspends ruling that imposes a 90-day waiting period before foreclosed homes can...
06/19/2008
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