Michael Schindler's (moneystuff) Blog

Just an FYI (especially for Minnesota), we still have the ability to issue (and are issuing) loan approvals based on income, asset and, on some refinances, even appraisal documentation waivers..... I don't know of anyone else doing this....as a matter of fact, I was just referred a loan recently ...

12/12/08 Here's the updated list from Mortgage Implode (www.ml-implode). Sad to think of all of the people that these lenders closings effects...... and what a ripple effect it has (title, appraisers, the paper guy, coffee guy, the restaurant next door, etc). "Imploded" lenders: The "imploded" st...

Don't forget-because it's just around the corner, that FHA down payment changes go into effect on January 1st.  The changes will be..... Down payment minimum of 3.5%.  Currently it is 3% total but in most areas it is 2.25% down with .75% being able to come from closing costs.  Not anymore.....now...