Recent Mortgage Articles

Posted on February 21   By Brandon
Recently, we have been asked to do a few guest posts for other mortgage and real estate blogs and decided to go for it. It turned out to be a great experience and mutually beneficial so we're going to open up the offer wider. If you have a high quality mortgage, real estate, or personal finance related site we would love to be part of it! You will get completely unique, one off mortgage content and we are flexible as far as topic and frequency (if you want us to become an ongoing contributor)..... Read More...
Posted on February 15  
On July 1, 2009 Money Management International a subsidiary company of Consumer Credit Counseling Service agencies, the largest nonprofit full service credit counseling agency announced that it would offer mature borrowers, over the age of 62 free reverse mortgage counseling. What does that mean to you? Well as an interest borrower who is over the age of 62 you are now able to receive the mandatory counseling session for reverse mortgage also known as Home Equity Conversion Mortgage (HECM) free.... Read More...
Posted on February 14   By MLP Blog
Congress is set for a showdown over the country's ongoing housing market crisis when it returns after Labor Day. We strongly urge voters to consider contacting their elected representatives and voicing support for an overhaul of the Federal Housing Administration, which could help end the spiraling subprime mortgage fallout. Officials are set to debate the merits of a proposed modernization of the FHA, an arm of the Department of Housing and Urban Development that has insured loans for millions .... Read More...
Posted on February 14   By MLP Blog
New, existing home sales to continue slide before bouncing back in 2008 WASHINGTON (MarketWatch) Fixed-mortgage rates are expected to rise to about 6.5% by the end of 2007, and sales of both new and existing homes are expected to slide this year, the Mortgage Bankers Association said Tuesday. In an economic forecast, the trade group estimated declines in 2007 of 7% in existing-home sales and 8% in new-home sales. Over the past year, existing-home sales have fallen by 10.7%, according to the Na.... Read More...
Posted on February 14   By Brandon
More cash and better credit — that’s what it may take secure an FHA mortgage in the coming months, according to changes announced this week by the U.S. Department of Housing and Urban Development. With the FHA’s reserves now below government-mandated levels, the agency is considering ways to minimize risk and exposure. FHA borrowers may soon face a higher minimum down payment (it’s currently 3.5 percent) or pay more in mortgage insurance premiums. The agency is also cons.... Read More...
Posted on February 14   By Brandon
Smaller banks and community lending institutions will have far greater access to FHA loans if several major proposed changes take root, according to housing experts. In a move aimed at minimizing risk, the U.S. Department of Housing and Urban Development announced plans to end its longstanding requirement that brokers receive FHA approval before arranging home loans. Now, if the proposed change becomes regulation, it would be up to the major lenders to monitor those so-called “mini-Eagle&r.... Read More...
Posted on February 14  
In a recent meeting of groups related to the reverse mortgage industry, it was decided that seniors applying for future reverse mortgages would have them reduced by 10%. The agencies involved were the National Reverse Mortgage Lenders Association (NRMLA), the AARP, and the FHA. Reverse Mortgage Reduction Due to Needed Subsidization The meeting was a response to two bills proposed in Congress – a House and a Senate version of the same bill. Both sides of Congress have presented their own ve.... Read More...
Posted on February 14  
When you are ready to either talk to an agent about getting a reverse mortgage, or are actually ready to get one, there is a best and safe way to go about it. A new level of certification is now in the process of being made, and you want to be sure that you use one of the certified reverse mortgage agents to arrange your new reverse mortgage loan for you. There are a number of scams out there that are centered on reverse mortgages. Many people are being ripped off by unscrupulous people who are .... Read More...
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