Posted on May 16th, 2010 by Carlo Capomazza
Starting June 1, 2010 Fannie Mae is going to implement some changes to their underwriting process. Most of them are minor and will not have any impact, but the one that MAY change things is the lenders will be pulling a NEW credit report prior to ordering loan documents and/or closing.
Filed under: Credit, Credit Cards, Current Events, Finance, VRN | No Comments »
Posted on May 5th, 2010 by Carlo Capomazza
What’s the best way to prevent banks from taking reckless risks with customers’ money? Do away with savings and checking accounts, says Boston University economist Laurence Kotlikoff. In his new book, “Jimmy Stewart Is Dead: Ending the World’s Ongoing Financial Plague With Limited Purpose Banking,” Kotlikoff says checking accounts should be replaced with all-cash mutual [...]
Filed under: Commentary, Economy, Finance, VRN | No Comments »
Posted on April 28th, 2010 by Carlo Capomazza
The Fed reiterated its expectation that the benchmark fed
funds rate would remain “exceptionally low,” as it has since
December 2008, for “an extended period,” despite growing
concerns among policy makers that the stance was too
constraining.
Filed under: Current Events, Economy, Finance, Mortgage, Real Estate Market, VRN | No Comments »
Posted on January 27th, 2010 by Carlo Capomazza
Mortgage interest rates change as often as two to three times in one day. Securing the lowest rate possible is every borrower’s goal. However, it’s impossible to time the finance market, just as it’s impossible to predict exactly when the housing market will peak or slide.
Filed under: Current Events, Finance, Money-Saving, Mortgage, Real Estate Market, VRN | No Comments »
Posted on January 24th, 2010 by Carlo Capomazza
Image by Getty Images via Daylife DEAR BENNY: I am shopping for a new mortgage (I will refinance about $160,000 remaining on a condo worth about $300,000) and discovered my mortgage holder wants about $2,200 in closing costs. I just financed with this bank three years ago and have stellar credit. There seems to be [...]
Filed under: Commentary, Credit, Finance, Money-Saving, Mortgage, VRN | No Comments »
Posted on January 21st, 2010 by Carlo Capomazza
Spurred on by the federal government’s economic recovery efforts, there have been numerous changes to the federal tax law for 2009 and 2010. Here’s what your small business needs to know now to take advantage of this year’s expiring rules and what it needs to keep in mind for next year.
Filed under: Current Events, Finance, Money-Saving, Tax Issues, VRN | 2 Comments »
Posted on January 16th, 2010 by Carlo Capomazza
The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios.
Filed under: Business Services, Current Events, Finance, Mortgage, Real Estate Market | No Comments »
Posted on January 15th, 2010 by Carlo Capomazza
Friday, 15 Jan 2010 02:13 PM A wide range of luminaries from hedge fund legend George Soros to Yale economist Robert Shiller see grave economic danger ahead. MarketWatch.com put together a list of their bearish thoughts, and here is what three of them had to say. Soros says we’ve just finished 25 years of excess. [...]
Filed under: Commentary, Economy, Finance, VRN | No Comments »
