Inside the Mortgage World

Many people are still listening to main street media....and the one thing we know about main stream media is that they tend to get it wrong.  There is still a lot of misinformation floating around...in fact, I received a call last week from a person considering a refinance.  And he "informed" me ...

Finally!  Changes to Mark to Market are coming.  The Financial Accounting Standards Board (FASB) voted favorably to relax mark-to-market and help financial institutions. Financial companies will now be allowed to use alternate models, like cash flow analysis, in marking their assets.  No longer w...