RECENT BLOG POSTS
 from Mortgage market commentary By Lou Barnes of Inamn News Rates are rising again this yesterday morning -- possibly an overreaction in thin holiday markets to strong job-market news, but rising.                    The 10-year T-note is 4.75 percent versus 4.66 percent yesterday and 4.5 percent...
04/07/2007
 "The average 30-year fixed mortgage rate rose from 6.16% to 6.17% for the seven-day period ended April 5, according to Freddie Mac's Primary Mortgage Market Survey. The average 15-year fixed mortgage rate rose from 5.86% to 5.87%, the average rate for five-year Treasury-indexed hybrid adjustable...
04/06/2007
Here is an update on the Beezer Homes Investigation, Information for Origination News & Broker Magazine.Compliance News Recap"U.S. AG Eyeing Beazer Mortgage Docs The U.S. attorney general has requested documents "generally relating" to builder Beazer Homes' mortgage business, the company said. "A...
04/05/2007
While the mortgage rates have been steady lately, it seems that applications are down.  I have seen an influx of people we Pre Approve, then they decide that they want to want till next year to purchase a home.  It is that time of year where people get the tax refund money and do not know what to...
04/04/2007
As SouthStar shocked us on Monday this week, it seems more & more issues are developing.  taken from MortgagenewsDaily.com "And Still More On The Subprime Fiasco""As a subplot to the entire mortgage drama, two feuds recently emerged or more accurately re-emerged among some major mortgage players....
04/03/2007
With a majority of new home buyers we work with, we get a lot of questions on points.  What they?  Is it worth to pay for a point?  Here are the answers:   What exactly are points in the mortgage industry?A point is a fee equal to 1 percent of the loan amount. A 30 year, $100,000 mortgage might h...
04/02/2007
Commonly I get questions on which loan is going to benefit the client if they plan on staying the home for 3, 5, 7 or 10 years plus.  Here is a quick reference:  Years you plan to stay in the home                                       Recommended program1-3 years                                  ...
04/01/2007
MyCommunityMortgage - An Affordable, Flexible MortgageMyCommunityMortgage makes it easier than ever to afford a home of your own. With MyCommunityMortgage, you may need little or no contribution from your own funds (no down payment). And, with MyCommunityMortgage, your lender will work with you t...
03/29/2007
 Renovation Mortgages An Affordable Way to Finance Your Dreams.The Renovation Mortgage can help you purchase your new home, and finance the renovation costs-all in one loan, with one loan closing. Conventional underwriting guidelines apply. You can even refinance your current home and use the Ren...
03/29/2007
Over the past few weeks many people have seen significant changes in the sub prime market.  Things have changed for the better, but in due time will level out again.  While most loan officers can now only work with clients with a credit score of 600 or greater, we can still offer scores in the lo...
03/29/2007
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