mortgages: Sure...The Banks Aren't Being Bailed Out. - 03/11/08 03:16 PM
It may not be official, but the banks are being bailed out. Let me prove it. The federal funds rate is the rate that banks can charge each other for overnight or short term loans. They can also borrow money from the government at this rate, which is currently at 3%. The … (1 comments)
mortgages: The Conforming Limits Are Being Raised to What?! - 01/28/08 07:48 PM
There has been a lot of talk lately about the government allowing Fannie Mae and Freddie Mac to raise their conforming loan limits. I have also heard a lot of speculation that FHA is going to raise their limits as well. Unfortunately I have also been hearing a lot of rumors, … (1 comments)
mortgages: Red Alert: H.R. 3915 Passed The House! - 11/19/07 10:22 PM
For those of you who don't know what HR 3915 is here is a breakdown. It will: Create a National Licensing System for Mortgage LendersHold loan securitizers responsible for consumers' "reasonable ability" to repay a loanEliminate the Y.S.P. (Yield Spread Premiums or Rebates) for Mortgage BrokersIt passed by a vote of 291-127. … (1 comments)
mortgages: 6 Things You Must Know Before Obtaining A Mortgage - 10/16/07 06:47 PM
Before you commit your hard earned dollars to monthly mortgage payments, consider these 6 issues. Effective consideration of these important areas can make your payments work much harder for you. 1) You can, and should, get pre-approved for a mortgage before you go looking for a home. Pre-approval is easy, and can … (2 comments)
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Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist
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It may not be official, but the banks are being bailed out. Let me prove it.
;)
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