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Mortgage and Lending - Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - LMB100023827. NMLS257576.
Information on what's happening TODAY in the ever changing world of mortgage lending.



RECAP for the month of:   Month end again... seems like I JUST did a month end recap...where does the time go? Here's a recap of the articles I posted this month: FHA MIP effective 10/1/09 FNMA says 2 years after Short Sale FNMA & FHLMC under conservatorship Cities Likely to See Increase Shoppin...
In light of all the recent turmoil regarding the failed bailout, I wish to share just a few points with you that were shared in a rather lengthy email sent to us this morning from Bill Starkey, the owner of WR Starkey Mortgage: The initial plan has failed but that just means that our politicians ...
Is anyone else out there sick and tired of hearing about the economic disaster we are in? How many meetings have you been in over the last couple of days where someone asks what YOU think about how much trouble the nation is in? I think their is no better way of explaining what I think than by re...
One of the most recent scams that has evolved due a slow housing market is being referred to as the "Buy and Bail". This is where people buy one home with the intention all along of defaulting on their current residence! Until now, homeowners were able to provide a lease agreement to offset their...
If any of you are working with first time homeowners in the state of Colorado, you need to know the CHFA (Colorado Housing and Finance Authority) program is still alive and well! I don't want to bore the rest of the country with the details, but for those of you interested, click here for more: C...
Do you compare rates trying to shop for your buyer's "best deal"? Determining what their "best deal" is will be getting more and more difficult because so much now relies on the borrowers FICO scores! Here's a chart that is worth taking a peek at to see just what a few points in a FICO score can ...
A recent article in Forbes listed the following as the top ten cities to most likely see an increase in housing prices: (drum roll, please...) 10. Oklahoma City, OK 9. Atlanta, GA 8. Minneapolis, MN 7. Colorado Springs, CO 6. Salt Lake City, UT 5. Austin, TX 4. Portland, OR 3. San Antonio, TX 2. ...
The following email was received by the Owner and Chairman of WR Starkey Mortgage, Bill Starkey, Jr., this morning regarding the recent announcement regarding FNMA & FHLMC: The Federal Government has placed both FNMA and FHLMC under conservatorship as of this past weekend.  While many will have a...
A few weeks ago I posted a blog re: Short Sale and Foreclosure. There has been some discussion regarding the true guidelines of a short sale as it relates to credit - first lien mortgage credit specifically. It wasn't until a few months ago that short sales were even recognized as anything other ...
Yep! It's due to change AGAIN! All FHA case number assignments made on or after October 1, 2008 and before October 1, 2009 will be charged mortgage insurance upfront and monthly premiums according to the following:UPFRONT MIP: Purchase Money Mortgages & Full-Credit Qualifying Refinances: 1.75%Str...

Ruth Vogt

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