mortgages: What is that noise in Raleigh NC? - 05/08/13 04:07 AM
 
What is that noise in Raleigh NC?  This past Saturday was another beautiful spring day in Raleigh NC.  I’m sitting in my kitchen, drinking coffee and reading the newspaper and then I hear it.  It took me a moment to register what I was hearing.  Normally I hear birds, all kinds of birds, chirping and singing.  Sometimes I hear a neighbor getting an early morning start on mowing their lawn.  This morning there was a noise I haven’t heard in years.  I heard the sound of skill saws and hammers.

A house was being built!  A new home for … (0 comments)

mortgages: THE NEW NORMAL IN MORTGAGES - 11/07/10 03:04 AM
Extra time to close and more required documentation is the new normal in mortgages. Streamline mortgages, Fast and Easy mortgages and Super Simple mortgages are gone, if not forever, for a very long time.  The days of limited documentation is all but history. After it was realized how much the mortgage meltdown was going to hurt the US and world economies the Federal Government, State Governments, the people and even some members of the mortgage industry demanded higher quality mortgages.  To accomplish this, the mortgage industry looked at their guidelines from the past.
 
Income is now checked with pay stubs, … (6 comments)