I am getting this out early and I am about 99% sure this will affect us all in NW Indiana. In the areas where the median home price is above $583,800, the maximum FHA loan limit will be $729,750. HUD has indicated. In areas where the median price is below $216,840, the FHA limit will be $271,050
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02/29/2008
UPDATE Gaithersburg, MD - AmeriDream's programs including down payment assistance will continue. On October 31, 2007 United States Federal District Court Judge Paul L. Friedman ruled in the case of AmeriDream v. Jackson that the Department of Housing and Urban Development could not implement
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02/29/2008
Weak data will push the mortgage bonds up and over the 100 Day Moving Average - currently up 50 bps. Some other data today:Sprint Nextel posts a $29.5 billion Nextel writedown. - I do wish they would have handled the merger better with these two companiesGDP comes in at 0.6% - slightly less than
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02/28/2008
"I don't know any other way to lead but by example."Don Shula (1930 - ) winningest coach in NFL historyI never really thought of this till I had a child. Well, my wife had her, I was just in the room for support. But, when I misbehave and do things unbecoming an adult and then I get mad when I
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02/27/2008
VolatilityWell, if you like volatility this week you must be loving the bond market (rates). Yesterday, we had not one but two alerts that there may be a intra-day reprice for the worst and today we have had one for the better. Isn't it nice to know that there is a Mortgage Consultant out there
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02/27/2008
I think we all need a refresher course on what each of us does. Here is what I do and if you respond. I would like to know what you do!I took a loan application 3 weeks ago on an aged couple that their ARM was about to adjust. That a local bank completely dropped the ball on. She called me a
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02/25/2008
If you are the kind of person that like volatility then the past couple weeks have been all you. I have seen dramatic swings this week that remind me of a playground with kids swinging back and forth on the swingset. Yesterday, we saw the bonds get back what it lost the last two days then to wa
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02/22/2008
"Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort."Franklin Delano Roosevelt (1882-1945)32nd president of the United StatesI saw this quote and I just loved it. I like it when my creative juices are just flowing and then to h
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02/21/2008
"An investment in knowledge pays the best interest."Benjamin Franklin (1706-1790)American statesman, writer & scientistHow much do you spend on your knowledge? Last year, I spend nearly $2,000 in hotel, books and seminars. I made that much back in the lessons that I learned. There is more than
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02/20/2008
I love this one and I thank God every day for Bluetooth technology. So, it does not look like I am talkig to myself. But, I am a great self-talker. I talk myself through situations and my daughter will sit in the backseat and ask me who I am talking to and I just point to my headset. But, we
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02/20/2008
