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The Best Holiday Gift Some People Might Receive Would be help with a Down Payment on a House

Help with a down payment With most lenders requiring borrowers to put down at least 20 percent as a down payment – unless using an FHA or VA loan, or purchasing mortgage insurance – the best holiday gift some people might receive would be help with a down payment on a house.

Is now the time to dump your ARM?

Despite continuing low mortgage rates, one prominent Detroit bankruptcy attorney says ARMs remain a looming danger and should be avoided.

Mortgage rates Rebound from 2010′s near-record low reducing consumer demand 4 home loans N refinancings

A rebound in mortgage rates from last year’s near-record low has reduced consumer demand for home loans and refinancings, leading Wells Fargo & Co. to join other industry stalwarts in laying off loan processors and related workers.

Fannie Mae will probably lower the high balance conforming limit to $625,500

“The Obama administration proposes to reduce the “footprint” of Fannie Mae and Freddie Mac by reducing the ceiling on loans that the two government-controlled lenders can guarantee as of October 1, 2011. Current federal law allows the two agencies to guarantee mortgages up to $729,750 in some high-home price areas. The administration recommends that Congress [...]

Ready to buy? Get cocked, locked and ready to rock. Become a Qualified Buyer!

Ready to buy? Then here’s what documentation you need to prepare so a mortgage banker can let you know exactly what loan amount and purchase price you can qualify for…

Pimco: Investment Returns Will Turn Flat

The risk of big losses also will discourage excessive borrowing. “Successful investment strategies in a New Normal world will generally be less levered than during the Great Moderation — roughly 1987-2007,” he wrote.

Making sense of the Financial Regulations Bill for Buyers

Making sense of the Financial Regulations Bill for Buyers

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Appraisal Foundation, Appraisal Institute In Dispute

House Offer Includes Sunset of HVCC