A Tale of Two Lenders
The quality difference between individual lenders, like any profession, has always been wide spread as has the spread between different banks/lending institutions. As the market becomes more and more heated and [...]
Mortgage Reforms: Good Faith Estimates
The U.S. Department of Housing and Urban development issued mortgage reforms last November by requiring lenders and mortgage brokers to provide consumers with a standardized good faith estimate (GFE) that discloses key loan terms and [...]
Mortgage News
I'm sure you saw this but just in case, last Sunday, the federal government stepped in to take over Fannie Mae and Freddie Mac. With sharp declines in home prices and [...]
Mortgage Meltdown?
A month ago, American Home Mortgage, one of the nation’s top 50 mortgage companies stopped funding loans leaving some homebuyers unpleasantly surprised at their closing appointments. Countrywide recently announced that they [...]