(Originally published 09/25/12.) Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), said there would be enormous benefits to the nation’s economy if mortgage …
“Big Banks” Denying Over One-Third of All New York Loans!
(Originally published 09/11/12.) According to The Wall Street Journal (Tighter Lending Crimps Housing, June 25, 2011), in 2010, the nation’s 10 largest lenders denied 26.8% of their loan …
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Maximum Loan Limits Being Reduced?? (Part II)
A few months ago, I informed you that the Fannie Mae, Freddie Mac, and FHA extended loan limits are due to expire on October 1, 2011. (Click here to read my original article, Maximum Loan …
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New Fed Ruling NOT Supported By Their Own Findings!
In my last newsletter, I outlined the Federal Reserve’s new rules pertaining to mortgage compensation reform that went into effect April 1, 2011. These new rules have caused a huge outcry …
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Look Out Commissioned Salespeople! Your Industry Might Be Next.
On April 1, 2011, the latest revisions to Regulation Z, (as required by the Frank-Dodd Act) commonly known as Mortgage Compensation Reform, took affect. In one swoop of the pen, Washington …
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Maximum Loan Limits Being Reduced??
In 2008, when the mortgage implosion began, the availability of jumbo money became scarce. (Jumbo mortgage loans for single-family homes are loan sizes that exceed $417,000. Two through four family …
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