These days, mortgage rates are significantly higher than the two and three percent rates we saw only a few years ago. While these higher rates are not preventing buyers from purchasing homes, it’s …
The Schemes the Big Box Banks are Using to Attract Borrowers.
I recently had a conversation with a Realtor I know. He told me about the tactics some of the banks were using to market to his borrowers. “They sound really good!” he told me. “Can you offer these …
Continue Reading about The Schemes the Big Box Banks are Using to Attract Borrowers. →
DID YOU KNOW??
Lenders Are Underwriting Condos and Coops More Strictly Than Ever Before! In June 2021, the twelve-story, oceanfront condominium, Champlain Towers, in Miami Florida collapsed, killing ninety-eight …
DID YOU KNOW??
New Credit Score Formulas Were Recently Approved For Use By the Mortgage Industry! For the past 20 years, Fannie Mae, Freddie Mac, and FHA have used the Classic FICO credit score model delivered by …
Job Losses Abound in Mortgage and Real Estate Industries.
We’re only halfway through 2022 and we’ve already seen layoffs and job losses in the mortgage and real estate industries, the likes of which we have not seen since the Great Recession. What’s Going …
Continue Reading about Job Losses Abound in Mortgage and Real Estate Industries. →
Purchasing Real Estate with Mortgage Financing…In the Virtual World?!?
In the “Truth Is Stranger Than Fiction” Department, it seems some people are spending huge sums of money to purchase ‘real estate’ within imaginary virtual worlds online. According to the NY Times …
Continue Reading about Purchasing Real Estate with Mortgage Financing…In the Virtual World?!? →
