Steve Brown's (sbrown0007) Blog

Treasury's rise after strong auction results Prices for U.S. bonds increase after a sale of 7-year notes sees solid demand, stocks slip as reported by Ben Rooney, CNNMoney staff reporter.   NEW YORK (CNNMoney.com) -- Treasury's rose Thursday after a government debt sale drew strong demand and a ...

FNMA Announces More Changes     FNMA announced in their latest mortgagee letter Wednesday that they were raising their minimum credit score to 620. On the surface this doesn't mean much since it was hard to get a conventional loan approved through FNMA with a credit score less than 620 anyway. Th...

90 Day Down Payment Assistance Program Through TDHCA Announced Today That They Are Out of Money.   If you had buyers planning to borrow their down payment and closing cost as part of the governments American Recovery and Reinvestment Act tax credit the TDHCA is out. You may check into the First T...

 FHA TO TIGHTEN CREDIT STANDARDS   As reported in the Wall Street Journal Saturday, FHA will require or tighten the following areas:   Raise the net worth of the Mortgage Banking firm from $250,000 to 1 million. The move is to ensure that Mortgage Banking firms have funds available to compensate ...

Fed's Set To Regulate Pay to Mortgage Loan Officers, mortgage, lender, san antonio, austin, houston, dallas, texas. In an article reported in the Wall Street Journal Friday, Federal Regulators are set to meet over the next 2 weeks to set policies for tens of thousands of bank employees nationwide...