THE CYCLICAL NATURE OF THE MORTGAGE INDUSTRY – MIGHT HISTORY ALREADY BE REPEATING ITSELF?

Remember the old adage, “history repeats itself”? Well that phrase has never been more accurate than when referring to the cyclical nature of the real estate industry and the mortgages that support it. Just think back 11 years to the … Continue reading

SOMETIMES THAT FIRST “NOT RIGHT NOW” RESPONSE OPENS A DOOR AND CHANGES A FUTURE

It doesn’t matter who you are, applying for a mortgage is stressful!  Even more so for that first time homebuyer who has never successfully been through the experience and is really hesitant to test the water.  But sometimes that first … Continue reading

FISCAL CLIFF

FISCAL CLIFF

The Saga Continues With the first of the year having come and gone, the headlines are suddenly devoid of mentions of the fiscal cliff, which begs the question: what happened? For such an enormous issue with such a dramatic narrative, … Continue reading

FHA EASES NEW RULE ON COLLECTIONS ACCOUNTS

FHA Eases New Rule On Collections Accounts The Federal Housing Administration will allow borrowers to provide a written explanation of some disputed collections accounts in order to qualify for a government-backed mortgage, according to a rule clarification sent to lenders. … Continue reading