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Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use



IMPORTANT MESSAGE FOR HOMEOWNERS -- WASHINGTON UPDATEAs part of the economic stimulus package being negotiated by House Democrats and the Treasury Department, Fannie and Freddie loan limits will increased for one year up to $730,000.   The increase will be adjusted for local markets at 125% of lo...
Here in the Minneapolis / Saint Paul, Minnesota area, and the rest of the country, home owners and future home buyers have been hearing quite a bit of talk from newspapers, television and the Internet on the "Mortgage Accelerator" programs. Have you heard of them? They can go by the name "mortgag...
Bank of America to buy Countrywide  BofA has a good name... If they are smart, they will dump the Countrywide name ASAP. Anyway, its a bunch of press release crap, but here you go: ---------------------------------------  Text straight from an E-Mail by Todd A. Dal Porto Senior Managing Director ...
BIG BAD LENDERS:The beauty of a blog is the ability to spread the word. A blog called "Calculated Risk", written by Tanta is available now that describes how Countrywide Home Loans got caught recreating foreclosure notices in court!Yup, forging documents to better their position in court!Mortgage...
FHA loans can help first-time buyers So, you want to buy a home? If you have little or no money for a down payment, weak or no credit, an FHA loan could be what you need to buy a house. The Federal Housing Administration, a part of the Department of Housing and Urban Development, was created 70 ...

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