6/22/2007 10:08:00 PM
Putting a Stop To a Credit Ruse
I've have a lot of discussions over the last couple of months concerning the “Renting” of FICO scores to obtain a mortgage that is credit score driven. I have had multiple phone calls on how the mortgage industry is combating this fraud… ...
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5/24/2007 9:18:00 AM
Lender Forecast, May 20-26
What's in store for the week ahead? First, a short - but relevant - history lesson. World War I was sometimes called the "War of the Trenches", because of the unique way that ground battles were fought. A long trench was dug by each opposing ...
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5/24/2007 9:16:00 AM
Lender Update
Last week, Steroid-pumped Stocks kicked sand in the face of the 97-pound weakling Bond market, and home loan rates worsened by about .125% across the board. What happened? Here's the story - money invested out in the financial markets generally flows back ...
Views: 15
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5/24/2007 8:48:00 AM
HAIL TO THE CHEF!
Oops...meant to say "Chief!" Errors are common, but generally not for the US Mint. Because they rarely make a mistake, their recent mishap is causing the value of some newly minted - yet flawed - coins to skyrocket. The United States is honoring ...
Views: 24
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5/9/2007 8:41:00 AM
Two Major "Did You Knows" about Short Sales.
Important Read! 1) Did you know…. That if the seller has an FHA loan , HUD is not allowing lenders to negotiate a short sale and pay closing cost for the buyer. If the lender allows closing cost paid for the buyer, FHA will not cover that part of the ...
Views: 72
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5/9/2007 8:31:00 AM
Lending Forecast
This week's economic calendar is front and back-end loaded with potentially high impact reports. Right out of the gates, Monday brings the Personal Income and Spending report with the imbedded Core Personal Consumption Expenditure Index, the Federal Reserve's ...
Views: 20
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5/9/2007 8:29:00 AM
The Lender's Corner...
"THE ONE FUNCTION THAT TV NEWS PERFORMS VERY WELL IS THAT WHEN THERE IS NO NEWS - WE GIVE IT TO YOU WITH THE SAME EMPHASIS AS IF THERE WERE." David Brinkley No kidding...and although the week did start out with little real economic news for talking ...
Views: 5
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5/9/2007 8:27:00 AM
A TALE OF TWO PARENTS...
In today's world, a college education is more important than ever. Many of the jobs that do not require a college degree have been outsourced to workers in other countries, or replaced by a computer or machine. And according to Fed Chairman Ben Bernanke, ...
Views: 14
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4/23/2007 1:28:00 PM
The scoop on AMT (Alternative Minimum Tax)
Remember the old tag line from the show "Lifestyles of the Rich and Famous", as Robin Leach wished us all "champagne wishes and caviar dreams"? And sure enough, these days more and more people have the trappings of the rich. But is it the ...
Views: 8
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4/23/2007 1:26:00 PM
"ANYTHING THAT BEGINS WITH 'I DON'T KNOW HOW TO TELL YOU THIS' IS NEVER GOOD NEWS"
After a trend of gradually worsening over the past month, Bond prices and home loan rates finally got the good news they'd been waiting for...that pesky inflation rate finally appears to be moving lower. Early last week, the Consumer Price Index (CPI) ...
Views: 6
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