(Originally published June 6, 2010.) As of June 1st, mortgage giant Fannie Mae is requiring lenders to pull an updated credit report on all borrowers, just prior to closing, in order to confirm …
Be Weary of Continuing Reform. Government “Cures” Often Do More Harm Than Good.
(Originally published May 1, 2010.) Whenever the Government promises to “fix” a problem, it’s usually cause for concern. Recent changes to the real estate industry have all been implemented with …
Mortgage Rates Are On The Rise
(Originally published April 17, 2010.) For the past year, unique and extreme economic conditions helped maintain mortgage rates at historically low levels. But it seems the party’s now over. In …
New Federal Regs + Incompetent Loan Officers = Canceled Closings. Don’t Let This Happen To You!
(Originally published March 21, 2010.) Everything seems to be going smoothly. The purchase contracts were signed. The mortgage was approved. The closing is scheduled. Then you get the call that the …
Today’s Home-Buying Opportunities Will Disappear As Economy Slowly Recovers
(Originally published March 2, 2010.) While the US economy remains sluggish, data seems to indicate we’re in a transition to a recovery. Following such a severe recession, many economists concede …
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More Lenders Busted Under FHA Crackdown
(Originally published February 21, 2010.) On January 26, 2010, The FHA stepped up enforcement actions, essentially shutting down six mortgage lenders by immediately and permanently revoking their …
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