mortgage: New QM Standards Create Buzz in Mortgage Industry - 01/08/14 12:26 AM
While conumers have confidence that getting a mortgage loan will be easier in the year 2014, mortgage brokers forsee problems noting the new Qualified Mortgages (QM) standards that take effect on Friday. (http://www.mpamag.com/mortgage-originator/qm-problems-already-starting-claims-mortgage-pro-16771.aspx Mortgage Professional America) The QM Standards are a apart of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which generally require creditors to make a reasonable, good faith determination of a consumer’s ability to repay any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan) and establishes certain protections from liability under this requirement for … (0 comments)

mortgage: Is It Possible Home Sales Are About To Climb? - 11/04/13 11:38 PM
Things are looking up for our economy according to today’s news. With mortgage rates hovering in the 4.25% range, unemployment down, and less foreclosures and bankruptcies, consumers are more likely to borrow. Below are some of the news sources that I tapped into.
The Fed’s uncertainty with bond buying and reducing asset purchases makes for a tough interest rate environment. The rates were flat most of last week until Friday when the rate rose slightly from 4.13 to 4.25 for a 30yr fixed loan. Read more at the Mortgage News Daily site: http://www.mortgagenewsdaily.com/consumer_rates/330213.aspx
Bloomberg reports today that Americans will cure their … (1 comments)

 
Don Callahan, One of The 10 Most Dependable Agents in Eastern US (Keller Williams Realty)

Don Callahan

One of The 10 Most Dependable Agents in Eastern US

Savannah, GA

More about me…

Keller Williams Realty

Address: 124 Habersham St., Savannah, GA, 31401

Office: (912) 232-8580

Mobile: (912) 441-4416

Email Me

Real Estate in Savannah, Historic District, Ardsley Park, Parkside, Gordonston, Victorian District, Starland District, Cuyler Brownville, Savannah’s island communities, Pooler. Feature properties, and communities.


Links

Archives

RSS 2.0 Feed for this blog