Archive for the 'General Information' Category
3 Things to Consider about Refinancing
Low mortgage rates are enticing more homeowners to apply for a mortgage refinance. Mortgage loan application volume rose 13% for the week ended Aug. 13, 2010, compared with a week earlier, according to the Mortgage Bankers Association (MBA). The MBA’s Refinance Index jumped 17% from the prev…
Mortgage Industry Loses Jobs
The mortgage industry shed 2,500 jobs in June, as home sales continued to slow. The mortgage banker/broker sector had 246,500 full-time positions in June, according to the Bureau of Labor Statistics.
Even though mortgage rates are at record lows, many potential home buyers are waiting on the sidel…
Pregnancy Could Hurt Mortgage Loan Prospects
Pregnancy has a lot of risks associated with it. But other than some of the obvious health issues involved, now your dreams of home ownership could be affected.
Apparently mortgage lenders are giving the thumbs down to parents who are expecting a baby or are on maternity leave when they apply for …
How distant Before Everything Is Better?
How towering, would you say, did it take for America to plunge itself into the economic shame spiral out of which we’re trying so desperately to climb? A year? Two? More like 8 years or so, by my count.
So, why … WHY is it that everyone, from the local janitor all the way up to national poli…
Mortgage Relief for Gulf Coast Borrowers Affected By Oil Spill
So, you’re a fisherman living and working along the Gulf Coast of Alabama (or Louisiana or Mississippi … take your pick). All is going well. You work hard, but you pay your bills and there’s food on the table.
BOOM!
On April 20, 2010 (though you mightn’t have recognized it on tha…
Government Cracks Down On Mortgage Fraud
Mortgage hoax.
Even though it is a little late to the game, the US Justice agency recently announced that they have made by 500 arrests for mortgage hoax since March in a nationwide crackdown. What is interesting to learn about is the varying number of ways that mortgage swindle can happen –…
Fannie Mae and Freddie Mac Bailout Could Cost $1 Trillion
Someone has attempted to put their arms around just-exactly-how-much the ongoing bailout for Fannie Mae and Freddie Mac could cost the US taxpayers…
$1 Trillion.
According to Bloomberg, the Government Sponsored Enterprises of Fannie Mae and Freddie Mac have already drawn on an “unlimited…
