Archive for Mortgage

Fannie Mae is taking a dim view of mortgage borrowers who try to scam the system by taking out new loans while their mortgage is being processed. Typically banks will check your debt to income ration in the beginning of the application process. Some borrowers took that as a green light to add debt right [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Taking Out A Mortgage? Banks Will Monitor Your Credit 24/7 Now

Related posts:

1. Mortgage Relief Is A Credit Killer – And People Are Surprised? So you can not pay your mortgage and you sign…
2. Banks Stand Up To Government Over Foreclosure Bailouts What a surprise. The new edicts concerning mortgages that are…
3. Should The $8,000 Home Buyer Tax Credit Go Away If you listen to the real estate community, the $8,000…

I have never heard of having to write a letter to the mortgage company explaining why a person needed a home loan and certain family circumstances associated with this loan. But that is the story coming from the New York Times as a Linda Falcao and her husband were asked to write a motivation letter [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Wells Fargo Requesting Motivation Letter From Potential Borrowers?

Related posts:

1. An Open Letter to Move Inc on How To Be Profitable Dear Move Inc Braintrust, Okay, you get a great deal…
2. Freddie Mac’s and Fannie Mae’s Relationship With Countrywide Raises Eyes One of the big questions that has been asked in…
3. Three Types Of Delinquent Borrowers, And How To Deal With Them Edward Pinto, a former chief credit officer at Fannie Mae…

If you are underwater on your present mortgage you probably think refinancing is insane. But with the low interest rates available for homeowners with good credit it may make sense.
What is Cash In Refinancing?
Cash in Refinancing is the cousin of cash out refinancing that was all the rage in the early part of the [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Cash In Refinancing May Be A Smart Move

Related posts:

1. Cash-In Refinancing Gaining in Popularity Do my eyes deceive me? Is America slowly climbing…
2. Foreclosed and Did a Cash Out Refi? Tax Man is Looking For You If you are one of the many homeowners who…
3. Signs of a Real Estate Recovery – Cash Investors Are Coming Back We are all looking for signs of the recovery….

If you are underwater on your present mortgage you probably think refinancing is insane. But with the low interest rates available for homeowners with good credit it may make sense. What is Cash In Refinancing? Cash in Refinancing is the cousin of cash out refinancing that was all the rage in the early part of [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Cash In Refinancing May Be A Smart Move

Related posts:

1. Cash-In Refinancing Gaining in Popularity Do my eyes deceive me? Is America slowly climbing out…
2. Foreclosed and Did a Cash Out Refi? Tax Man is Looking For You If you are one of the many homeowners who did…
3. Signs of a Real Estate Recovery – Cash Investors Are Coming Back We are all looking for signs of the recovery. Let’s…

Typically the summer months are the busiest time of year for home sales. But when the Home Buyer Tax Rebate expired it motivated buyers and sellers to move in the spring. That is all good, except now we are looking at a gaping hole in the market.
The market now is moribund. Pending home sales are [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

13 Year Low For Mortgage Applications

Related posts:

1. Demand Hits 13 Year Low For Mortgage Applications A combination of weather and low demand has led to…
2. 13 Year Low In Mortgage Purchase Applications I hope the mortgage brokers out there have had…
3. Home Sales Down in May From April, Up Year Over Year The experts are baffled. Even with the incentives through…

This is turning into a trend:

The average rate on a 30-year fixed mortgage dropped to 4.57 percent this week, mortgage company Freddie Mac reported Thursday. That’s down from the previous record low of 4.58 percent set last week.
It’s the lowest since Freddie Mac began tracking rates in 1971. The last time rates were lower was [...]

Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.

Mortgage Rates Hit Another Alltime Low

Related posts:

1. 13 Year Low In Mortgage Purchase Applications I hope the mortgage brokers out there have had…
2. Subsidized Mortgage Rates Coming To An End? What is that sucking sound coming from the mortgage…
3. Mortgage Rates Rising Could Hurt Real Estate Sales If you are looking to purchase a home in…