ARCHIVED BLOG POSTS
2011
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MORTGAGE LOAN CHANGES IN POUNDS AND INCHES I just closed a mortgage loan for a couple with whom I've worked in the past on financing their home. The last time we did a mortgage loan together was in 2009 before all the new "rules" of the Federal Reserve and Dodd Frank came to be. The borrower ha...
10/28/2011
The Federal Finance Agency along with Fannie and Freddie announced changes to the existing HARP - Home Affordable Refinance Program. Essentially, here are the changes. Eliminating certain risk based pricing adjustments and lowering fees for other borrowers. Currently when a borrower refinances t...
10/26/2011
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WAITING FOR A LOWER INTEREST RATE! I am amazed each and every day to learn that someone I speak with is waiting for a lower interest rate before they refinance. I just spoke with someone with an adjustable rate due to change in December. He wonders if the rates are going to get better. Maybe bec...
10/19/2011