Consumer Sentiment and Housing are Strong! - 05/18/10 03:50 PM
The University of Michigan's Consumer Sentiment Index rose to its best levels since our Recession began.  This is very important because housing demand is very clearly tied with how consumers feel about economic conditions and their own financial outlook.
Consumer Sentiment rose to 73.3 in May, up from the April reading of 72.2.  Buried within this report were two other nuggets:  The survey showed that the consumer inflation expectation index rose to 3.1% which is the highest reading since June of 2009.  Inflation naturally causes mortgage rates to increase, so we need to keep an eye on this.

 
 
 
 
 
 
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HAFA Provisions - 05/17/10 06:26 PM
The Home Affordable Foreclosure Alternatives (HAFA) Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully complete a Trial Period Plan; 3) miss at least two consecutive payment during a HAMP modification; or, 4) request a short sale or deed-in-lieu.
In a short sale, the servicer allows the borrower to list and sell the mortgaged property with the understanding that the net … (1 comments)

 
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Dean Tucker (Mortgage Banker)

Boise, ID

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Dean Tucker Benchmark Mortgage - Prime Equity Group

Address: 2535 W State Street, Boise, ID, 83702

Office Phone: (208) 287-1717

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