Articles

Homebuyer Tax Credit Extended Through September 30th.

posted on January 1, 2011

(Originally published July 5, 2010.) On Friday, July 2nd, President Barack Obama signed the Homebuyer Assistance and Improvement Act into law, thereby extending the homebuyer tax credit deadline to …

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Alan Greenspan Makes Ominous Predictions.

posted on January 1, 2011

(Originally published July 4, 2010.) On June 18th , The Wall Street Journal published an article written by Alan Greenspan, entitled, U.S. Debt and the Greece Analogy. Don’t be fooled by today’s …

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FNMA Adds Insult to Injury.

posted on January 1, 2011

(Originally published July 4, 2010.) This past week, Fannie Mae announced policy changes designed to penalize borrowers who don’t work with their servicers and pursue alternatives to foreclosure. …

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Market Volatility Causing Mortgage Rates to Rise, Then Fall, Then Rise…

posted on January 1, 2011

(Originally published June 19, 2010.) Obtaining a mortgage rate can be like a visit to the amusement park. Sometimes we ride the calm and boring choo-choo-train. Everything is stable and predictable. …

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Important Information for Realtors and Real Estate Attorneys

posted on January 1, 2011

(Originally published June 12, 2010.) I received an overwhelming response from last week’s Newsletter, “Don’t Buy That New Furniture Yet! FNMA Requiring SECOND Credit Check Before Closing.” (click …

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Don’t Buy That New Furniture Yet! FNMA Requiring SECOND Credit Check Before Closing.

posted on January 1, 2011

(Originally published June 6, 2010.) As of June 1st, mortgage giant Fannie Mae is requiring lenders to pull an updated credit report on all borrowers, just prior to closing, in order to confirm …

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