Economic News
Get on it, FHA! This week, Lend America was disqualified from lending FHA backed loans due to submitting false documents and completing loans that...
Hi, what are you looking for?
Get on it, FHA! This week, Lend America was disqualified from lending FHA backed loans due to submitting false documents and completing loans that...
Apps up, but why? Good news was released today by the Mortgage Banker’s Association that mortgage applications were up last week despite a dip...
Nine solid months = recovery? For the ninth month in a row, pending home sales are up, according to the National Association of Realtors....
The end of Lend America Independent mortgage originator, Lend America announced today that it would cease operations immediately. This came as a surprise to...
Short sales brightening up Today, the U.S. Treasury Department released their highly anticipated guidance on a plan for mortgage companies to expedite short sales...
Making modifications permanent This morning, we talked about President Obama’s plan to call lenders to the carpet and he along with the Treasury Department...
Let it be written, let it be done This morning, President Obama will be giving a speech directed at the banking industry and many...
Fannie, Freddie and refis, oh my This past week revealed new loan applications at a volume unmatched in 12 years while the number of...
New Construction Stats October’s new home sales stats are in and the 6.2% rise in sales easily beat speculators’ estimates after a rough year...
General Motors and Homeowners… Bankruptcy filings spiked 33% in the third quarter and in 2009, filings are up 35% over 2008. This marks the...
Dropping rates It is reported today that last week’s 30-year mortgage rates dropped to 4.78%, matching the record low which was set in April...
Freddie Mac’s portfolio changes Today, Freddie Mac reported its total portfolio increased at an annualized rate of 0.7 percent in October compared to 0.8...
Lending plummets The Mortgage Brokers Association just released their multifamily lending report, revealing that the dollar amount decreased between 2007 to 2008, plummeting to...
Record high delinquencies and foreclosures This past quarter has been a record breaking time in American history as the Mortgage Bankers Association reports that...
Today, I was emailed an agreement… from another real estate agent on an expensive property that contained a very low deposit, a very, very...
My latest listing found me on Google by researching the term “short sale real estate agent in Western MA” and has been following my...
Please welcome our newest author, Fred Glick, mortgage broker and Realtor who works on both coasts (and carries two cell phones to prove it!),...
What’s Behind Door Number Two: Make money quick! Invest pennies on the dollar! NOW is the time to buy up foreclosure properties! Your buyers...
Could today’s housing market be a false market? Between 2006 and the end of 2008, the market in the Washington, DC metro area and...
Dear home buyer, sucks to be you: If you are an agent assisting a buyer with applying for the $8,000 tax credit, you might...
Mortgage Professionals on Twitter Recently, we shared the list of Agent Genius writers (current and former) on Twitter, and today we wanted to turn...
Indianapolis based appraisal management company StreetLinks has established a $1,000,000 fund to pay a performance guarantee to its clients, saying that it ensures their...
First time homebuyer’s credit The first time homebuyer’s credit has helped tens of thousands of home buyers purchase property this year. Nationally it’s accounted...
Real Estate salespeople are usually optimists. They want to believe that things are getting better, and with the low mortgage rates, buyer demand, and...
Personal experience with homeowner distress My experiences in personal homeowner distress has led me down several interesting and edifying paths, but the one that...