Understanding the Recent Credit Crunch and Liquidity Issues - 08/26/07 04:03 PM
Understanding the Recent Credit Crunch and Liquidity IssuesBy Michael MapesThe question on most people's mind these days is "When is the madness going to exit the market and things return to normal?" By now everyone has heard the tales of how we got here. It all started by the lenient lending … (2 comments)

Are Interest Rates Headed Lower? - 08/25/07 09:09 AM
Are interest rates on the decline?
By Michael Mapes
Over the last several weeks as Investment Bankers continue to cut the credit lines of major mortgage banking operations like American Home Mortgage, Countrywide Home Loans, and National City Mortgage, liquidity - the ability to borrow money - has driven at least one lender, … (3 comments)

FHA to aid Sub Prime Borrowers refinance - 08/25/07 08:42 AM
Sub Prime borrowers and B & C Markets getting relief from FHA
By Michael Mapes
Senate Banking Chairman Christopher Dodd, (D-Ct) stated on Friday that he intends to aggressively push the FHA reform legislation when Congress comes back from recess in September. The goal before the White House and the Senate are aimed … (3 comments)

What a wonderful time to buy a home - 08/25/07 08:04 AM
                                                  Opportunity, Buying a home in 2007
Is home ownership really out of reach for most Americans.
By Michael Mapes
Buying a home is a emotional process and as such most average Americans today must be feeling like the joy of home ownership is beyond them, especially first time home buyers. Everyday as we … (7 comments)

The Credit Crunch and American Home Mortgage - 08/18/07 01:47 PM
The Credit Crunch and American Home Mortgage,One Managers response to the week that wouldn't end.By Michael Mapes, The Responsible Mortgage LenderI woke up on Monday July 30, 2007 at my usual time of 6 am. After taking my shower and eating breakfast I was out the door heading to work, the … (5 comments)

 
Loan Officer: Michael Mapes-Suntrust Mortgage (Sun Trust Mortgage)
Michael Mapes-Suntrust Mortgage
Newport News, VA
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