Archive for May, 2007
Next Entries »Visit the source when hardships fall
Monday, May 7th, 2007When applying for and receiving a home mortgage you never think about what you would do if you lose your job, all of sudden can’t pay your mortgage, and then become one of the many to be foreclosed upon but there are many individuals throughout the country who are facing this exact scenario. [...]
I should avoid what when I get a Mortgage?
Friday, May 4th, 2007I found this really great article today on Google News which listed the 37 best mortgage shopping list. I just wanted to share with you a few of the tips I found most interesting.
The writer first points out about common misnomer that getting as many “Good Faith Estimates” and choosing the lowest one is [...]
FHA reform passes through House Committee
Thursday, May 3rd, 2007The much debated FHA reform bill has passed its first steps towards helping many subprime borrowers from being foreclosed upon.
In the Financial Services Committee of the House of Representatives the bill was approved by a vote of 45-19. This bill is set to reform the Federal Housing Administration which should benefit low-income borrowers to [...]
Baby Boomers to help mortgage industry
Wednesday, May 2nd, 2007While traditional home mortgages down by 25-30 percent you would be hard-pressed to find optimism in the market of mortgages. But things are looking up in the world of reverse mortgages. This industry is growing at a fast pace and the trend may be around for the long run.
There was a jump [...]
Joint venture to help FHA market
Tuesday, May 1st, 2007Seeing a possible shift in mortgages the National Association of Mortgage Processors has partnered with the FHA Training University to offer live online FHA training classes to students throughout the country. This is in response to NAMP’s prediction of FHA Loan programs replacing subprime mortgages.
With the fall in subprime lending many of the [...]
