(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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Planning to Refinance? These Common Problems Can Cause Huge Delays – Unless You Follow My Advice.
(Originally published 07/24/12.) Thousands of people are refinancing to take advantage of today’s record-low rates. Yet many borrowers are experiencing last-minute issues that can cause …
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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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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Are The Days Numbered for Fannie Mae and Freddie Mac?
Are The Days Numbered for Fannie Mae and Freddie Mac? There’s no question that there are major problems at Fannie Mae and Freddie Mac. But the Obama Administration is about to throw the …
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