Mortgages

Good Intentions, Damaging in Practice

HVCC needs to be permanently reversed in order to restore lower costs
to the consumer and to protect the thousands of real estate
transactions stalled by this horribly misguided code.

Short Sales: Most Times, Everyone Comes Up Short...

I heard an interesting statistic the other day: Only twenty percent of all short sales that have been approved by the banks ever closes escrow. 

Ammendments to Truth in Lending Regulations Likely to Cause Delays in Home Buying/Selling Process

New Regulations, designed to create more transparancy will likely cause costly delays for buyers and sellers

Lender v. Mortgage Broker?

Bypassing mortgage brokers will drive them out of business and offer fewer options for consumers

Mortgage Market News

This morning, the best rate on a 30 year fixed conforming jumbo was 5.5% with no points!

All About Credit

There has been increased focus during the last few weeks on how comapnies and individuals get loans--from the availability of money to the increased standards applied to individuals who apply for all types of loans, including mortgages. 

Wall Street to Blame, Again?

this study it finds that low interest rates were not a significant driver of prices

New Housing Law Bails out Borrowers and Lenders

Will this bill improve the confidence of lenders?

Many Pleasant Surprises...

There are many pleasant surprises in the news in the last day, all which should be good for the local real estate market and for current homeowners...

Mortgage Industry Crisis?

This article was written by Scott Asbell, a mortgage broker I know from Utah.  It is a nice, clear perspective about some of the recent events in the mortgage industry.  Enjoy!

What's going on in the world of mortgage financing? The media would have you think that the sky is falling, but let's review what is really happening and how it affects our lives and our future.

Economist Recommends Adjustable-Rate Mortgages

One Size Doesn't Fit All...

Too Good To Be True?

Interesting New Mortgage Product May Shave Years Off of Life of Loan