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Fri, 16 May 2008 02:01:00 +0000
You asked for it. We built it. Quizzle is now ready for all our friends who do not own a home! What you will get? Your free credit report and score, an estimate of how much home you may be able to afford, custom mortgage recommendations if you’re interested in purchasing a home, a custom big-picture [...]
Fri, 16 May 2008 01:18:00 +0000
Senate compromise on mortgage relief - May. 15, 2008 I don’t know about you, but it makes me nervous when the government is trying to orchestrate a bailout that the rest of us will end up paying for……. ShareThis
Fri, 16 May 2008 01:12:00 +0000
Industrial production falls more than expected in April - May. 15, 2008 Not a good report from an economy and a growth perspective, but a good report from an inflation front…… ShareThis
Thu, 15 May 2008 19:03:00 +0000
This is off of their “Eye on the Economy” newsletter: Fiscal Policy Is Needed to Break the Downward Housing Spiral Falling house prices pose a huge risk to the U.S. economy and to the financial markets. Falling prices decimate the quality of outstanding mortgages âwhole loans and securities structures.This leads to progressive tightening of lending standards [...]
Thu, 15 May 2008 10:04:00 +0000
If you are looking at borrowing money (especially on a mortgage) and you have a student loan with Sallie Mae, make sure that you ask me (uh, I mean your lender) to specifically look at your payment history with Sallie Mae. An error like this (see below) could mess up someone’s credit [...]
Thu, 15 May 2008 02:20:00 +0000
Thanks to CR and Tanta at http://www.calculatedrisk.blogspot.com/ for “pointing” me to the picture. ShareThis
Thu, 15 May 2008 00:36:00 +0000
Greenspan sees U.S. house price bottom in ‘09: reports - MarketWatch: “LONDON (MarketWatch) — U.S. home prices will likely bottom out in early 2009 after the market absorbs excess inventories, former U.S. Federal Reserve Chairman Alan Greenspan told audiences in Asia Wednesday, according to news reports.” Two thoughts on this: 1. I think Greenspan is right. [...]
Wed, 14 May 2008 22:57:00 +0000
Yesterday I attended the Mortgage Broker’s Commission Meeting at Bellevue City Hall. It was more tame than the one I was at the previous week which focused on the new issues facing Correspondent Lenders becoming licensed under the CLA…I think that’s partly because we were under-represented and that many mortgage brokers with warehouse credit lines [...]
Wed, 14 May 2008 21:24:00 +0000
from money.cnn.com Consumer Price Index. The CPI rose 0.2% in April, versus forecasts for a rise of 0.3%. Stripping out food and auto sales, CPI rose 0.1%, versus expectations for a rise of 0.2%. Food prices played a big role in the rise in prices, posting the biggest jump in 18 years. This is good news for [...]
Wed, 14 May 2008 18:26:00 +0000
Foreclosures filing set record in April, RealtyTrac says - May. 14, 2008 This is a national report, but it says two things in my view: 1. People who need or want to sell their homes are going to have a challenging time of it for a while yet. 2. Those who want to buy a home are going [...]
We refinanced our home with Quicken Loans after looking for lenders on the Internet. The process was very smooth from start to finish. The one thing to be careful about is that we paid a fee (I think $500?) to lock in the rate and if the appraisal comes in lower you may lose the fee. Be realistic wh