Moving To Scott Air Force Base, I have Houses for Sale - 02/22/10 12:27 PM
Are you re-locating and moving to Scott Air Force Base? I am the Scott Air Force Base area Homes For Heroes representative. Homes for Heroes offers the largest benefits available and No Red tape! I specialize in listing properties and military re-locations offering unparalleled services with extensive virtual tours and detailed information to help your move into or out of the O'Fallon area be an easy and stress-free experience! I offer an incredibly aggressive marketing plan that is one-of-a-kind, getting your home maximum exposure and selling your home quickly so you don't have to keep it in tip-top showing condition for … (0 comments)

IndyMac pressed harder to loosen up on loan modifications - 02/19/10 02:35 PM
ebruary 19, 2010
IndyMac Incorporates HAMP DTI Ratios and Sees Results By Brian Collins

Mortgage credit analysts have noticed fewer redefaults on IndyMac loan modifications after the FDIC directed the servicer to make deeper reductions in borrowers' monthly payments.
In the first quarter of 2009, the Federal Deposit Insurance Corp. was using a 38% mortgage debt-to-income ratio as its target for lowering monthly payments made to IndyMac Bank. But then the agency lowered the DTI to 31%, aligning its effort with the Treasury Department's redesigned Home Affordability Modification Program.
Prior to the change, IndyMac's loan modifications had a 48.5% redefault … (0 comments)

Those who wait could cost you much more - 02/15/10 04:54 PM
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA). Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board’s mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big. Here are … (2 comments)

Why loan modifications don't work and the sick truth about shortsales - 02/08/10 04:58 PM
This excellent short video explains why and how Indy Mac slapped us in the face! Click to see the video … (0 comments)

Most and least affordable cities to buy a house… - 02/04/10 03:57 PM
Here are the 5 metro areas where the average American family can afford to purchase a median-priced home — and the 5 where they can’t. Click here to see which cities are on the list. … (0 comments)