Home Loan Modifications
I have received several calls over the past week in regard to home loan modifications for people that have not been able to refinance their homes due to the loan on the house being more than its current value or the current financial position has changed and they can not longer qualify for a refinance. [...]
Not Even HUD was Ready for Their Own Changes
Since the first of the year there has been a scramble to make sure the new regulations and paperwork is rolled out and accurate at every mortgage company and bank. The fines that will be in place and enforced are stiff so these companies are doing everything they can to make sure they comply with [...]
How Employment and Unemployment Affects Interest Rates
The December employment report came in relatively bond friendly. Though unemployment came in at 10% as expected; the payroll component showed job losses of 85,000 compared to the 35,000 losses that were expected by analysts. Though the mortgage bond market had a generally positive reaction to the report, improvements in rates were tempered by concerns [...]
Why Should You Attend a First Time Buyer Class?
One of the things I hear often asked in relation to THDA and other first time home owner programs is why some of these programs require you to attend a Buyer Education Class. On the surface, it would seem that they just want you to know what you are getting yourself into when purchasing a [...]
What to Expect During the First Quarter of 2010
Over the holidays I did some research on what most “experts” (at least that is how they cast themselves) were saying about the coming year 2010 and found a common thread that had to do with what will happen as the government starts to back out of holding the interest rates down as well as [...]