Posts filed under Mortgages



TO "LOCK" OR TO "FLOAT"?
Posted Thu, Aug 20th 2009 8:30 am
TO "LOCK" OR TO "FLOAT"? It is very important for home buyers or for those who want to re-finance to be aware that in these volatile financial markets we are living in, interest rates on mortgages...

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WATCH OUT! THE NEW 3-7-3 RULE!
Posted Wed, Aug 5th 2009 4:11 pm
Keli McClarty from Atlantic Bank sent me a copy of this article, that I believe synthezises the new changes effected recently on the mortgage industry, and which are essential to keep in mind when ...

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HVCC, HERA, HOEPA - New Regulations for Mortgage Industry
Posted Wed, Jul 15th 2009 5:45 am
The Federal Government has been busy trying to regulate the mortgage industry to try to avoid the continuing debacle caused by the sub-prime mortgage debacle. In 2008, Congress passed the Home Owne...

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Are Banks Socially Responsible?
Posted Wed, Jul 8th 2009 3:24 pm
On May 1st, Wells Fargo, one of the nation's largest mortgage lenders, decided to tighten its underwriting standards for 200 markets they considered as distressed or soft, requiring higher down pay...

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Credit Scores vs. Mortgage Rates
Posted Mon, Jun 8th 2009 6:30 am
Recent changes in the mortgage industry has made Fannie Mae (and most lenders) to review their pricing for conforming loand (under $417,000) to better reflect risk by adjusting their pricing (i.e. ...

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Mortgage Rates on the Way Up?
Posted Thu, May 28th 2009 5:56 pm
Yesterday mortgage bonds had their worst performance since last October, and as a consequence rates climbed about a half of one percent! It appears that the Treasury has been issuing bonds (i.e. li...

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