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The lending market has changed substantially in the last few years. We give the quick rundown on a few helpful things to remember when looking for a loan.1.) FHA Loans are available to all buye...
This week has been a great week of
positive news. First, we had c...
Just last year, mortgage rates were near 5.5%. A few years before,
rates averaged anywhere from 7% and up. Now were seeing rates as low as
3.45% in some cases! Many factors have contributed to rates taking a
nose-...
Foreclosures have created a frenzy on the market among those “looking
for a deal” and savvy investors alike. Those in the first category
look to maximize their dollar by purchasing a property for cheap and
fixing it up th...
Yesterday the Federal Reserve made a substantial move to increase
bank lending. The Federal Bank bought up $600 billion in U.S. debt,
which drives down interest rates as a result.
Because of the move, we should see mort...
The driver of our economy – small business – is beginning to see much
needed cash infusions. Lending is up 34% to small businesses this
year, over 2009 figures. The big three lenders – Wells Fargo, Bank of
America...
I am watching the foreclosure situation on a daily basis, and see an
ugly trend. Robo-signing is nothing compared to what is being uncovered
now.We have long-heard whispers and rumblings about missing
documentation. ...
As we continue to receive financial data from third quarter updates, we
receive especially good news from Wells Fargo. Wells Fargo is one of
the largest mortgage servicers and collectors in the nation.Wells
Fargo's profi...
Many banks have recently admitted to possible "processing errors" in the
last few weeks. Although the majority of foreclosures have been done
in response to defaults on loans, there is still a potential cloud of
uncertainty hang...
BackgroundForeclosures have become a hot topic
as of late and have established their position in mainstream
conversation. Foreclosures are everywhere, and they represent different
percentages of the mark...
