Over the past couple of weeks, many of the lenders who work with sub prime or riskier loan products like, 80/20 piggy-back products, interest-only, negative amortization loans, no income or asset verification loan products are under increasing pressure ...
[Read More] A key problem in today's home mortgage industry is created by appraisers who bend their ethical commitments under pressure to "hit specified numbers" in their appraisal reports. This often results in inflated property values that are, in ...
[Read More] It's tough to survive in today's mortgage lending industry. Many originators, particularly those that have been specializing in the subprime niche of the market, are folding their tents and silently leaving the business. But there's a bright ...
[Read More] Newly proposed federal legislation would put the brakes on the growing trend of providing home loans to mortgage applicants using an Individual Taxpayer Identification Number instead of a Social Security number. ITINs are normally issued by the Internal ...
[Read More] The number of existing-home sales in January rose significantly, reaching the highest level in seven months, according to a report from the National Association of Realtors. The increasing sales include single-family homes, townhomes, condominiums and ...
[Read More] Despite a generally sluggish market, mortgage applications are rising, according to a report from the Mortgage Bankers Association. At the end of February, applications were up 8.8 percent over the same week a year ago. Applications for mortgages to finance ...
[Read More] On February 27, 2007 Freddie Mac (one of the nation's leading government-sponsored buyers of existing home mortgages) announced it will cease buying subprime mortgages that have a high likelihood of excessive payment shock and possible foreclosure. ...
[Read More] March 7, 2007 Update Wow, we had a great turn out last night, 15+, great feedback and I think we all learned a little in the process. I would like to Thank the great people at Alamo Title and their help in putting this together. I would also like to thank ...
[Read More] THE FUTURE IS NOW ORLANDO, Fla. (NAHB) – What’s in store for home design in 2015? Thanks to a recent study conducted by the National Association of Home Builders' (NAHB) Economics Group, visitors at the International Homebuilders Show did ...
[Read More] This is a great article regarding Home Warranties, please read this before you select one. We have had many customers just take it with a grain of salt that they are all the same, most or very close to another and we take great pains to try to get you ...
[Read More] Buying HUD's, Foreclosures, Short Sales and rental properties are great ways to build your wealth, but how do you find a good deal? Watch for the following things. 1. Good location. Traffic is good, because it makes rentals easier to rent or sale. ...
[Read More] FORECLOSURE TSUNAMI FORECASTED COLLEGE STATION (Real Estate Center) – Based on results from its recent mortgage study, the Center for Responsible Lending (CRL) has predicted that one out of five subprime loans issued during 2005 and 2006 will fail, ...
[Read More] What is the best way that you have found to find homes, internet, drive by, newspaper, realtor book or something else?
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