General-information Articles

Posted on July 21   By Francine Huff
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 mortgage loans, according to the New York Times. That's because mortgage lenders want to see proof that a borrower's current income is enough to cover mortgage payments. So if you just had a .... Read More...
Posted on June 26   By Justin McHood
How long, 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 politicians, seems to expect a solution in the mere blink of an eye? What this country is dealing with right now is an economic calamity of epic proportions. It's not going to get fixed overnight. As much as I wi.... Read More...
Posted on June 25   By Justin McHood
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 that day), your life changed, and pretty dramatically. When the Deepwater Horizon oil rig exploded and then sank in the waters off of the Gulf of Mexico, spewing untold numbers of gallons of crude oil into the azure wa.... Read More...
Posted on June 17   By Justin McHood
Mortgage Fraud. Even though it is a little late to the game, the US Justice Department recently announced that they have made over 500 arrests for mortgage fraud since March in a nationwide crackdown. What is interesting to learn about is the varying number of ways that mortgage fraud can happen - and in different parts of the country, different schemes happened that all can be covered under the umbrella of mortgage fraud. In Chico, California one of the larger home builders in the area ha.... Read More...
Posted on June 15   By Justin McHood
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" line of credit from the US Government to the tune of $145 billion and with the projected losses, the total cost of the bailout could approach $1 Trillion. From Bloomberg: The Congressional Budget Office c.... Read More...
Posted on June 15   By Francine Huff
U.S. home builders are less confident about the housing market, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Although the government's tax credit for home buyers helped fuel a flurry of activity in the housing market earlier this year, sales have declined since the credit expired in April. NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich, said: The home buyer tax credit did its job in stoking spring sales and we expe.... Read More...
Posted on May 12   By Justin McHood
With the urban sprawl that is happening in many parts of America, many people are finding that they have an hour commute -- one way-- to work each day. With a commute that long, it is little wonder why when gas hits $4.00 a gallon, it is all over the headlines and people start to get nervous -- we are relying on our cars more and more in today's world. In addition to the rising cost of gas, there is also the rising cost of owning a car - insurance costs and the price of cars has steadily risen.... Read More...
Posted on May 11   By Francine Huff
Are you hesitant to get buy a home now because you're concerned about a lot of the negative news you hear related to the housing market? If you are truly ready to buy a home, don't get discouraged because other people have a lot of opinions about where interest rates may be heading or whether or not more homeowners are expected to be underwater on mortgages or in foreclosure this year. Analyze your situation carefully to determine if now is a good time for you to buy a home. Consider the follow.... Read More...
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