mortgage application: 1 of 3 Loans being Denied....GET APPROVED before the $8,000 Tax Credit Lapses
- 10/05/09 03:39 AM
The Associated Press reports that loans are being denied at a record pace. According to the associated press, www.google.com/hostednews/ap/article/ALeqM5i28p_PCbyYs83kcnlV-GMcXCe55gD9B1QN202 Nearly one in three borrowers who applied for a mortgage last year was denied as lenders made it far more difficult to qualify. In its annual look at mortgage practices among the nation's lending institutions, the Federal Reserve says the denial rate for all home loans was about 32 percent last year - about the same as in 2007. The denial rates for Blacks and Hispanics were more than twice as high as the rate for white borrowers. The data, collected from … (5 comments)
mortgage application: Mortgage Fraud - Finally a message is being sent!!!!
- 06/19/08 03:10 PM
Every year we have more regulations, more tests, more certifications. While I do think that certifications are good, the real issue is the fact that the crooks keep getting away with it. I have always hated that. I really do. According to today's Chicago Tribune.....TODAY, the Feds came in and busted more than 67 people in Chicago. The Department of Justice, DOJ, arrested these people for mortgage fraud in a sting called Operation Malicious Mortgage. They busted mortgage brokers, loan officers, realtors, homebuilders and lawyers......Get this (I can say this b/c I'm a lawyer)...the lawyers now have to hire lawyers to … (6 comments)
mortgage application: Market trends and forecasts
- 07/29/07 02:34 PM
According to Reuters....Home ownership is really down now...This is exactly the time that we in real estate need to do the "right" activities with our clients in real estate. Below is more information from Reuters regarding mortgage applications. Now is the time to bond with your clients and databse. Some feel that the 4th quarter is going to be the worst yet....but I hear that 2009 is when the industry is going to break out.....anyway....here's the info from Reuters... Mortgage Applications, however, were 16.8 percent above their year-ago level. The four-week moving average of mortgage applications, which smooths the volatile weekly figures, was down 0.7 percent. James … (0 comments)
1 “Let not your heart be troubled; you believe in God, believe also in Me. 2 In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. 3 And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. 4 And where I go you know, and the way you know.” (John 14:1-4, New King James Version)
The Associated Press reports that loans are being denied at a record pace. According to the associated press, www.google.com/hostednews/ap/article/ALeqM5i28p_PCbyYs83kcnlV-GMcXCe55gD9B1QN202
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