Justin's World Blog - Archives March, 2008

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Dramatic Reform in the Housing Industry! - 03/26/08 01:16 PM

If tighter credit policy, continual product revisions, declining markets, and new regulations isn't enough you must read on. This will affect everyone in the industry. It was reported in Reuters the two largest sources of U.S. mortgage financing agreed to sponsor a new home appraisal watchdog to prevent inflated home values.
Fannie Mae and … (10 comments)

Will the new FHA mortgage limits help your market? - 03/18/08 03:24 PM

For a little background, HUD offered temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). Overall, the change in loan limits is designed to help provide economic stability to America's communities and give nearly 240,000 additional homeowners and homebuyers a safer, more affordable mortgage alternative. The maximum amount of $729,750 will only … (3 comments)

Finding the Best Rate - 03/14/08 01:14 PM

MAKE AN INFORMED DECISION.Now that you have found your dream home, you have to pay for it. You must find a loan program that fits your needs. The major question you need to ask yourself is, "how long will I remain in the house?" Your response will guide you in selecting … (0 comments)

The Difference between Pre-Qualification and Pre-Approval - 03/14/08 12:56 PM

MAKE AN INFORMED DECISIONA pre-qualification is the process in which the mortgage loan originator reviews the income, debt, assets, credit history and confirmed monies available for down payment and closing costs.Pre-QualificationFrom this information, the mortgage representative is able to confirm the amount and type of loan available to the borrower. The … (0 comments)

Comments from FNMA on Mortgage Rates 03/12/08 - 03/12/08 03:25 PM

These are FNMA's comments from an executive in Capital Markets on the selloff in MBS.
The Capital Markets Sales Desk has fielded a large number of calls from customers simply asking, what's going on? Why is the mortgage market trading lower every day? The following are reasons that could help explain why mortgages … (5 comments)

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