home loans cary: Commodities Market and Rates - 04/18/08 03:36 PM
I'm Still on the prowl for lower mortgage interest rates... If you've read this blog before, you know that I think George Soros is one of the smartest guys in the room. Goerge was back in the news today helping me understand what happened to rates this week!
According to Bloomburg, … (5 comments)
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home loans cary: We Have So Much To Unlearn! - 04/16/08 04:08 PM
The Times They Are A Changin'... Again. Seems like every time I think I've figured out what the "rules" are for making a mortgage loan, I have to re-learn them! There's no getting free from this!!
Mortgage Insurance Companies Announced Sweeping Changes, and more are on the way.
Standard A Paper … (7 comments)
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home loans cary: Has "Green" Gone Bad?? - 04/14/08 09:15 AM
The health of the world ECOLOGY and ECONOMY are unexpetedly diverging as we learn more about the global need to thoughtfully plan the use of our resources. The unintended consequence of a global push for "Green" is a shift in farmland use. With the rise in the demand for ethinol, farms … (9 comments)
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home loans cary: He Really Hates It When I Say That - 04/04/08 09:52 AM
I work and live with my husband, Steve... which can be tricky. This morning, as we were waiting on baited breathe for the Jobs numbers to be reported (I've been told we don't have a life because I really dig this stuff!)...
I jumped up - Threw my fist in the … (10 comments)
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home loans cary: How to Write a Contract With A DAP - 03/30/08 04:38 PM
First off - A DAP is the "mortgage babble term" for DownPayment Assistance Programs. "Home sellers can help buyers pay closing costs by giving a portion of their proceeds back to the buyer at closing. The amount of seller assistance that's allowed depends on the type of loan the buyer is … (16 comments)
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home loans cary: Did Paulson Lie? - 03/30/08 03:03 PM
I read several economic and political blogs - and this headline caught my attention...
"My Nomination for Lie of the Year"
From the New York Times:
"Mr. Paulson is clearly taking a stand against critics who support even stricter regulations, while rejecting any notion that the crisis in financial markets or the collapse of … (8 comments)
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home loans cary: Earth Hour March 29th - 03/26/08 09:08 AM
I was reading the Cary News - and some of my neighbors are excited about Earth Hour this weekend!
I had not heard about this - but I think it's something my family will participate in too!
"On March 31 2007, for one hour, Sydney made a powerful statement about the greatest … (2 comments)
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home loans cary: Jon Stewart on Recession - 03/25/08 08:36 AM
Okay - so you've probably already seen this (especially if you are a big Jon Stewart Fan Like WE ARE) ... I wrote to Matt Heaton today and asked him to help us out with some insight. Figured he has one of the "bigger" brains when it comes to this stuff, … (9 comments)
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home loans cary: Countrywide Exec Finds New Job - 03/24/08 07:28 AM
This just in... " A number of former Countrywide Financial Corp. executives are forming a firm to take advantage of the massive unwinding of the mortgage-securitization business, The Wall Street Journal reported." How interesting! They've figured out how to create an "exit strategy that makes them smell like roses!
"Former CFC President … (14 comments)
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home loans cary: Homebuyers: Don’t Ignore Your Emotions - 03/20/08 05:52 PM
Today, more that ever, real estate experts advise consumers to detach their emotions from one of e biggest financial moves of their life, reminding us that there’s a difference between a “home” and a “house.” I read about one California architecture professor who urges buyers to make sure those emotions get … (6 comments)
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home loans cary: Bear Stearns and Rates - 03/17/08 01:17 PM
CNBC Said this was going t be the most historic trading day of this Century... because Bear Stearns was being sold to JP Morgan for $2 a share. Normally, bad news in the Economy is GOOD NEWS for mortgage interest rates. But these days we are not dealing with normal.
Rates have gone … (1 comments)
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home loans cary: Buy a House - Get a Raise! - 03/07/08 01:14 PM
Have you filled out your taxes yet? Are you getting a refund? NO?!?! You might need to buy a house!
Many times we talk to homebuyers (especially first time homebuyers) who tell us that they "want to keep their payments around where they are now." Meaning that if they are paying $1200 a … (3 comments)
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home loans cary: FHA: We Fix $6 Haircuts - 02/14/08 09:52 AM
There's an old story about a a barber shop in a small town that pretty much was the only place to get your haircut. They'd been there for 20 years and did a great job for a good price.
The town grew - and pretty soon one of those discount shops … (8 comments)
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home loans cary: FHA and Fannie/Freddie Loan Limits Higher EDIT - 02/08/08 12:26 PM
The Stimulus Package might actually help... The Senate kept the language in the Rebate and Economic Stimulus package that raises the loan limits for FHA, Fannie Mae and Freddie Mac. THIS IS VERY good news for thousands of people seeking financing this year!
We believe that this should bring additional activity for … (25 comments)
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home loans cary: COUNTRYWIDE is causing rates to go UP!?! update - 01/10/08 05:01 PM
see comments.... I've never been a big Countrywide fan - but I've told EVERYBODY that when Countrywide goes under - it's like WalMart going out of business - we're in DEEEEP CaCa at that point. So this just in from CNBC
By LESLIE WINES updated 12 minutes ago
NEW YORK - Treasury … (5 comments)
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