Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use

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Mortgage and Lending - Cambria Mortgage - NMLS 274132
Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use

ARCHIVED BLOG POSTS

2008 

Subprime Defaults Exceed 25%The default rate on securitized subprime loans hit 25.2% in December 2007, up 185 bp from that of the previous month, but defaults on alternative-A loans are also surging, according to a recent reports.  Alt-A loans were loans where the customers primarily had acceptab...
03/31/2008
 FHA Market Share to Expand in 2008 Maximum Loan Amounts Vary By County and State. Find out your limit with our FREEFHA LOAN LIMIT Lookup ToolIn 2006, the FHA's market share was about 3% of total originations. Today, that number is closer to 10%, and climbing fast. We are predicting robust growth...
03/19/2008
 NEWSFLASH: NEW LOAN LIMITSEffective immediately: New FHA and Fannie / Freddie loan limits have been posted on HUD's website. For conforming loans, it appears unchanged.For FHA, it appears as if the Twin City (Saint Paul / Minneapolis) metro area is now:Single Family: $365,000 Duplex: $467,250 Tr...
03/11/2008
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