ARCHIVED BLOG POSTS
2013
The Dodd-Frank Act is finally being implemented, and it's rules are far-reaching. The creation of the Consumer Protection Act in 2010, which spawned the Consumer Financial Protection Bureau. The CFPB is the end-all, be-all for mortgage related activity, and it's expected that many large banks ...
11/12/2013
Good afternoon...October's Non-farm payroll report showed 204,000 jobs added, far exceeding analysts prediction of 125,000. The figures for August and September were also revised higher. Mortgage rates reacted quickly and moved higher as a result of all of this. The mortgage market was feeling...
11/12/2013
Good morning...FHA recently rolled out their "back to work" program." In a nutshell, if you've had a foreclosure, bankruptcy, or short-sale at least 1 year ago and can prove this was due to an event of economic hardship (i.e. loss of job/income), you can be eligible for financing. This event w...
11/05/2013