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First Went Sub-prime, now Alt-A, What’s a Loan Officer to do?

10:28 pm   -   August 13th, 2007

This will work itself out. Performance on mortgages in Alt-A securities combined with their already higher yields will draw investors back but make no mistake, the process of determining what is in a security will be different for a time and investors are going to expect more, not less or even the same information about the credit criterion of the loans in this type security. (more…)

Conforming Loan Limits Remain Unchanged at $417,000 for 2007

5:12 pm   -   November 28th, 2006

The Office of Federal Housing Enterprise Oversight (OFHEO) released the 2007 conforming loan limits this afternoon and announced what many industry experts expected, no change. The OFHEO had previously issued a statement on November 15th saying they would not lower conforming loan limits for 2007 from the $417,000 limit set in 2006. (more…)

Housing Trends Among Baby Boomers Study – Impact on Second Home Market

11:58 pm   -   November 12th, 2006

The Research Institute for Housing America in conjunction with the Mortgage Banker’s Association and Radian mortgage insurance completed a study of housing trends among baby boomers. The focus of the study was in two key areas.

1) What are the trends of second home ownership among baby boomers
2) Are suburban empty-nesters flocking to urban areas

This article focuses on the findings related to the first question, what are the trends of second home ownership among this age group. The findings may not be what you think… (more…)



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Burry, Predictor of Mortgage Collapse, Bets on Farmland, Gold
Michael Burry, the former hedge-fund manager who predicted the housing markets plunge, said he is investing in farmable land, small technology companies and gold as he hunts original ideas and braces for a weaker dollar. I believe that agriculture land
Pennsylvania mortgage rates continue to fall
Mortgage rates in Pennsylvania continued to fall over the past week, according to mortgage rate website Zillow.com.
FHA Softens Mortgage Insurance Blow
On October 4, buyers use FHA financing will encounter an unusual surprise. Their mortgages will cost more over time, but it will cost them less than it does today to close on their loan. That's because some creative bookkeeping at HUD has spread the
HDFC repackages teaser home loan rates
Largest mortgage lender HDFC today launched controversial teaser rates for home loans in its new avatar, a day after country's largest lender SBI hinted at the possibility of extending this product beyond September. HDFC today launched a dual rate home
Mortgage company hiring for 40 new Triangle jobs
Mortgage lending company Foundation Financial Group is in heavy hiring mode, seeking applications for 40 new job openings over the next six months at its Raleigh office.
Halifax cuts mortgage rates
Halifax borrowers could get 0.50% off their mortgage rate till the end of next year. Halifax - part of the Lloyds Banking Group - has reduced the rates across its entire mortgage range. Borrowers who apply for a Halifax mortgage between 6 September and 3
Economy Watch: Government Takes Another Crack at Mortgage Woes
September 7, 2010 By Dees Stribling, Contributing Editor Courtesy Flickr Creative Commons user chrisdlugosz The Federal Housing Administration has unveiled another government effort aimed at dealing with the aftereffects of the housing bubble. The
Sham marriages solicitor to face SDT for mortgage fraud
Michael Adelasoye, the solicitor jailed for four years yesterday for his part in a sham marriages scam in Sussex, was already due to face the SDT for mortgage fraud, Solicitors Journal has learned. He was convicted of conspiring to breach immigration
Interest rises 'could increase financial pressure on mortgage holders'
Interest rate rises could add to the financial strain that is being placed on some UK mortgages holders, it has been suggested. According to Riach Independent Financial Advisers' Bob Riach, those on tracker rate mortgages could be affected if the
House prices: will they start falling again?
Article posted: 07/09/2010 Where are house prices heading? A dearth of sellers helped to push them back up by 10% from the spring of 2009. It was on odd thing to happen in the teeth of a recession and a drought of mortgage funds. But prices in the last
Halifax slashes mortgage rates
Customers that apply for a Halifax mortgage between September 6th and October 3rd will get a 0.30 per cent reduction in the mortgage rates until the end of 2011. Borrowers with a current account with Halifax will benefit even further as they will receive
Halifax unveils mortgage rate cuts
Halifaxhas announced reductions across its range of mortgage products as part of its Great Rate Cut. Borrowers who apply for a Halifax mortgage before October 3 this year will now receive a reduction of at least 0.30% off their mortgage rate until the
SBI may extend teaser home loan scheme
Kolkata: State Bank of India (SBI), the country?s largest lender, may extend its teaser home loan scheme, though a final decision will be taken at its ALM (asset-liability management) committee meeting later this month. The concessional home loan
HDFC repackages teaser home loan rates
New Delhi, Sep 7 (PTI) Largest mortgage lender HDFC today launched controversial teaser rates for home loans in its new avatar, a day after country''s largest lender SBI hinted at the possibility of extending this product beyond September. HDFC today

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