ARCHIVED BLOG POSTS
2014
6
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Monday Market Forecast - October 27-31, 2014 And we're back. Back to at least a little bit of stability, it seems. For now, anyway. The insanity of a couple of weeks ago has calmed, the market reversed course, as expected, and we're back to a more stable place, with rates just slightl...
10/27/2014
34
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The Numbers Say FHA Should Be More Affordable 480,650 funded @ 1.35% 949,295 funded @ .55% These numbers represent the amount of FHA endorsed purchase loans thru 10 months of the fiscal year 2010 (the 949,295 figure) and 2014 (the 480,650). The reason HUD increased the costs asso...
10/23/2014
63
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The REAL Reason First Time Buyers Disappeared Despite the title, I know...really, I KNOW, first time buyers haven't disappeared. They're everywhere. In the thousands. But that doesn't mean their numbers aren't down nationwide. They're actually down by quite a bit. The demographic of...
10/20/2014
5
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Monday Market Forecast - October 20-24, 2014 I'm pretty confident in my forecast for this week - and my prediction is that the market will be less crazy than last week. A very political posture, I know. If things were going to be crazier than last week, I'd likely just take a vacation...
10/20/2014
10
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How To Get the Best Interest Rate A FREE REPORT When shopping for a mortgage, interest rate should be near the top of your list of things to look for and consider. An interest rate difference of even .125 can mean the difference in spending or saving thousands of dollars over the life o...
10/19/2014
Mortgage Secrets "They" Don't Want You to Know About When it comes to getting a mortgage, there's plenty you don't know. Heck, there's plenty your lending professional doesn't know. There truly is no "one size fits all" mortgage loan out there, and every person is going to have a progr...
10/19/2014
10
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Damned if they do, Damned if they don't Reading about Wells Fargo's recent $5 million settlement regarding discrimination on loans declined citing maternity leave income issues, it made me think of a really terrible flaw in the lending industry. The fact that there are humans involved. ...
10/19/2014
6
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FHA Loans for Investment Properties The vast majority of FHA loans are for purchasing a primary residence. FHA refinances for primary residences are also somewhat common, although less so since FHA PMI premiums went through the roof. Since so many FHA loans are for purchasing primary r...
10/18/2014
Weekly Wrap - Your Mortgage Market Update October 13-17, 2014 Go home traders, you're drunk. Columbus Day is NOT that kind of holiday. I feel like I've used "volatile" to the point where it doesn't get the point across. Pardon the language, but to really express this week, I feel...
10/18/2014
9
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New Fannie Mae Guidelines - DU 9.2 There is a new version of Fannie Mae's automated underwriting system (AUS) coming out, and as of December 15 all new loan files packaged for Fannie Mae will be run through this new system (version 9.2). While most guidelines remain in effect, and t...
10/17/2014
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John Meussner
#MortgageMadeEasy Fair Oaks, CA 484-680-4852