Sub 620 FICO Score FHA Lenders
FHA Only Option For Some
The FHA loan program is the only viable option for many mortgage applicants who no longer qualify under Fannie Mae or Freddie Mac guidelines. Most of the larger lending institutions have implemented a [...]
Second Mortgage Investors Facing 100% Losses
Risky Lending
Second mortgage liens have always been considered risky lending. Investors in second mortgages are about to find out that the risk was higher than anticipated.
WASHINGTON, April 6 (Reuters) - The U.S. Treasury will soon finalize details [...]
Are You The “Perfect” Mortgage Borrower?
Low Rates But Large Fees
Only the perfect borrower gets the lowest advertised mortgage rate in today’s market. Many mortgage borrowers are now subject to various fees based on credit score, loan to value, property type and loan [...]
Banks Offering 3.875% Fixed Rate Mortgages
TARP Dollars Deployed
Two Washington State banks are now offering 30 year fixed rate mortgages at 3.875%.
SPOKANE, Wash. – Spokane-based Sterling Savings Bank and Walla Walla-based Banner Bank are offering mortgages at interest rates below 4 percent to [...]
It’s Time To Give Every Member Of Congress A Bonus
Market Investing Made Simple
Many people probably suspect that Congress causes more harm than good and now we have the proof. Forbes Magazine has uncovered what appears to be a foolproof method for timing stock purchases based on [...]
Capital One’s Losing Strategy
The Trust Dilemma
It is widely known that the credit card industry has serious problems. Defaults are reaching all time highs as unemployment and high consumer debt levels impede borrowers’ ability to repay their debts. [...]
Feds Say FHA May Need Taxpayer Bailout
FHA Bailout Appears Likely
Government officials said that a taxpayer bailout of the FHA appears likely based on increased mortgage defaults. The FHA has traditionally had higher default levels than Fannie Mae or Freddie Mac due to more [...]
Would Mortgage Rates At 3.625% Stimulate Home Purchases?
The Limitation of Low Rates
The Fed has done everything under its power to bring down mortgage rates and the best customer today can get a 30 year fixed rate mortgage at around 4.75%. Despite the all time [...]
The GM Debate Continues - Why GM May Survive
Charles Wilson, the head of GM in 1952, stated that “what is good for the country is good for General Motors, and what’s good for General Motors is good for the country”. This imperial statement was made [...]
