loan market

A Little Loan Humor

by Cory Maguire on 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. With a community rich with history stretching back over two centuries, houses have been passed along through generations of family, sometimes making it quite difficult to establish ownership. Here’s a great letter an attorney wrote to the FHA on behalf of a client:

You have to love this lawyer…….. [click to continue…]

Rates Likely to Remain Under 5% in 2011

by Cory Maguire on 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