Rates have been rising over the past few weeks and although they are still at very low levels (the mid to high 4 percent range) they have jumped ½ a percent.  This is the most significant consistent increase since the lows that we experienced in October.
Why has there been an increase you ask? Well, rates [...]

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This just in: foreclosures dropped 9% nationally in October.
At first glance, this sounds like it would be good news right? A closer look however, will show that it all seems to directly relate to the freeze in foreclosures from the robo-signing scandal. Last month, when it came to light that many of the Banks [...]

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When I was growing up, my family lived in a neighborhood of homes built in the 1960s.  Its Florida site offered a park down the street where I spent hours playing with friends, and a canal behind the house where I learned to water ski. We moved to another home when I was a sophomore [...]

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Robo-signing is a new word coming from the Foreclosure Scandal that has found its way into our everyday lives. So, what does robo-signing mean exactly?
Upon initial review of the information robo-signing looked to be a result of the huge number of foreclosure documents that needed to be approved and signed off on.  What I believe [...]

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Everyone heard the headlines last week concerning the issues that many of the large banks, including Bank of America, JP Morgan Chase and GMAC, have had with their foreclosure processes. Today that news continues.  It seems that in light of all the Government programs designed to help consumers that have issues with paying their mortgages [...]

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Most every borrower will now be required to complete and sign the Tax Transcript form(4506) when they apply for a mortgage loan.  While this requirement is not a new one, borrowers should be made aware that this form will now be sent to the IRS during your application process.
The Tax Transcript form, which checks the [...]

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Listen up buyers! The FHA has an underutilized program that could be a good option for many of you.  I am sure that when you are looking at houses to purchase you find some that would be perfect if only the outdated kitchen was updated or maybe it would be great if only it had [...]

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If you ask many loan officers, although dealing with first time homebuyers is challenging, it is easier to set the right expectations on the mortgage process as they have not been through it before.  Today’s first-time homebuyer never experienced the easy mortgage process prevalent in the late 1990’s to 2007.
The most difficult group to set [...]

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July 31st 2010 was a very important date for all Mortgage Bankers and Mortgage Brokers.  This date was the last day for Loan Originators to register with the new National Mortgage Licensing System(NMLS), take 20 hours of Continuing Education,  go through a background checks, fingerprinting and pass both the National Mortgage Exam, as well as any State [...]

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Comparison shopping can be tedious and time consuming, which means that consumers often put it at the end of their to-do list (I’m as guilty as the next person). When it comes to Mortgage Financing however, comparison shopping needs to be at the top of the list. We all know it is a daunting process [...]

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