Have Mortgage Rates Hit Bottom?

January 18, 2011

According to the New York Times, mortgage rates were lower in 2010 than in the previous six decades—but that may end in 2011. From the article: The Mortgage Bankers’ Association, a trade group, predicts that 30-year fixed rates will inch up to 5.1 percent by the end of 2011 and reach 5.7 percent in 2012. [...]

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Banks Push the Fed to Restrict Borrower’s Rights

January 3, 2011

According to Bloomberg News, mortgage firms are pressing the Federal Reserve to curb homeowners’ right to invalidate loans based on flawed documents — a right consumer groups say is one of the few weapons borrowers have to battle unfair lending. Read the full article here.

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2010 Census Data Available Online

January 3, 2011

With the release of the new 2010 Census material, it is easy to learn about recent changes in population and density in each of the 50 states. Search for the most up-to-date data, or go back all the way to the 1910 Census results, all on one website. An information junkie’s afternoon feast! 2010 Census [...]

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Adverse Credit Impacts

January 3, 2011

This recent report from the National Association of Realtors outlines how long after a foreclosure, bankruptcy, or short sale you will have to wait before being eligible for another home loan from Fannie Mae, Freddie Mac, or the FHA. The rules vary for different kinds of bankruptcies and foreclosures, so it is always best to [...]

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Benefits to Homeowners in Recent Tax Deal

December 30, 2010

When President Obama signed the big tax bill that made it through Congress earlier this month, homeowners reaped some important benefits. According to USA Today, homeowners can count on: Deductions for private mortgage insurance: The agreement extends through 2011 a provision allowing home owners to deduct mortgage insurance premiums. To qualify for the full deduction, [...]

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Real Estate Market to Finally Hit Bottom in 2011?

December 30, 2010

National housing prices are likely to drop another 5 to 10 percent in 2011, as they finally hit a “trough” before slowly rising again, according to real estate data company Altos Research. As reported by Inman News, Prices are going to go down a little bit more, and if there’s nothing but bad news out [...]

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A Little Loan Humor

December 16, 2010

This has been circulating on the internet, and I offer it here for a little lighthearted humor about what has been a very difficult loan market for all of us in 2010. Part of rebuilding New Orleans caused residents often to be challenged with the task of tracing home titles back potentially hundreds of years. [...]

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Rates Likely to Remain Under 5% in 2011

December 16, 2010

The Chief Economist for Freddie Mac said recently that interest rates on 30-year fixed loans are likely to stay below 5% throughout 2011. Adjustable loans may have initial rates under 4% for the year, as well. Read more here: Freddie Mac Predicts Rates Will Stay Below 5% in 2011

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“Shadow Inventory” of Homes Slows Market

December 6, 2010

From CNNMoney.com: There’s a large number of homes, either already repossessed by lenders or very seriously delinquent, that are poised to be added to the already glutted regular supply of homes on the market…. Adding the shadow inventory to the visible supply of homes on the market boosted the total housing-market supply to 6.3 million [...]

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Holding Your Vision for the Future

September 10, 2010

Making smart decisions now will help you be where you want to be a year from now, and every year after that. Our team of experienced professionals has answers to all of your questions about distressed properties, loan modifications, and short sales. We can guide you through the process of assessing your needs and resources [...]

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