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Bankrate comes under fire

Posted on: August 9th, 2007 by:

Just like King Kong clutching the top of the Empire State Building…Bankrate, the “800-pound Gorilla” of online home loan rates is falling under fire. The Bankrate website draws millions of visitors, as it promises to give a listing of companies and their rate and cost offerings for mortgage loans, and even passes that information on […] …read more

FHA and VA Mortgages

Posted on: August 3rd, 2007 by:

You may have been turned off by government loans before because you were told “Don’t get a loan that has mortgage insurance”. Well with the changes in congress last November, did you know that mortgage insurance is tax deductible on your primary residence when your MAGI is under $100K? That’s right? It makes you wonder […] …read more

Bear Stearns responds tp S & P action

Posted on: August 3rd, 2007 by:

Greetings! Given the current state of the mortgage market and it’s uncertainty.  I thought this was important today and wanted you to know that Bear Stearns is strong and will be here to partner with you now and in the future.   For Immediate Release BEAR STEARNS RESPONDS TO S&P ACTION Firm Will Hold Investor […] …read more

Mortgage News from WAMU’s upper management released today in an email to me

Posted on: August 3rd, 2007 by:

Please read below to hear what a large bank such as WAMU feels about the reactions on wall street to our current mortgage market. Again, conventional and government mortgages (FHA and VA) are going to potentially quintupial as a result of the drawback we are seeing on the market for mortgages. Ray ~ read as […] …read more

How will radical changes in mortgage underwriting effect you?

Posted on: August 2nd, 2007 by:

If you are like many people you are wondering what is going on right now in the residential mortgage world. In the last few days I have watched the reactions to Wall Streets distaste for Alternative Documentation Mortgages. This a result of poor performances on those loans. The rising foreclosure rates across the country have […] …read more