Melissa Bayles's (melissabayles) Blog

In 2009, the median size of new homes started was roughly 2,100 square feet. This figure was down from 2,200 square feet between 2005-2007 which, itself, was down from 2,350 in 2004. Homes are getting smaller across the United States. But, as compared to the nation's largest homes, the shrinking ...

A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage. Beginning June 1, 2010, with all new applications, Fannie Mae wants lenders to verify that borrowers have not taken on new debt during the underwriting p...

On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls data from the month prior.  The release is more commonly called "the jobs report" -- a major factor in mortgage rates and monthly payments. Especially now. With the recession officially over and growt...