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FHA + Nehemiah: A Path to 103% Financing

Think you can't buy a home with out a down payment anymore? Think again. It may be just cuz your broker isn't FHA approved or doesn't know how. read more »

 

Is Countrywide the Next to Crash and Burn?

Countrywide Financial Corp. could face bankruptcy if liquidity worsens, according to a Merrill Lynch & Co. analyst who downgraded the largest U.S. mo read more »

 

American Home Mortgage Falls as Credit Markets Tighten

Although not quite the canary in this coal mine, yesterday’s announcement of insolvency by American Home Mortgage Corp., one of the country’s larg... read more »

 

Another Wave of Mortgage Underwriting Changes

With the insolvency of American Home Mortgage, lenders are pulling programs by the hour. Gone or suspended are all of the ALT A product (think A- cr... read more »

 

Preventing Fallout: 5 Questions Every Agent Should Ask (Part V)

Normally, you look to your lender for confirmation that it’s okay to start spending time and effort on this buyer. But when the client arrives pre-... read more »

 

Minnesota Overreacts to Mortgage Abuse

Sometimes the "cure" just makes the patient sicker. Will this attempt by Minnesota to correct lending abuse over shoot the mark? read more »

 

Preventing Fallout: 5 Questions Every Agent Should Ask (Part IV)

Prevent your escrow from falling apart because of lying unscrupulous mortgage brokers. Ask these questions and get proof of the buyer's pre approval,... read more »

 

Family Opportunity Mortgage program

A new program gives parents low rates when buying homes for college bound kids, without committing occupancy fraud. read more »

 

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