January 28th, 2008
We get a lot of questions about these - you may want to bookmark this post
2008 Loan Limits
2008 Conforming Loan Limits News Release
2008 Single-Family Mortgage Loan Limits
Single-Family Mortgage Loan Limits effective January 1, 2008:
First mortgages
One-family loans: $417,000
Two-family loans: $533,850
Three-family loans: $645,300
Four-family loans: $801,950
Note: One- to four- family mortgages in Alaska, […]
Filed under: 2008 Loan Limits, Fannie Mae
January 28th, 2008
2008 Mortgage Rates
http://www.freddiemac.com/dlink/html/PMMS/display/PMMSOutputYr.jsp?year=2008
See Historical Mortgage Rates from 1971 - 2007
Monthly Average Commitment Rate And Points On 30-Year Fixed-Rate Mortgages
http://www.freddiemac.com/pmms/pmms30.htm
Historical Mortgage Rates in Excel Format
30 yr Mortgage Rates http://www.freddiemac.com/pmms/docs/30yr_pmmsmnth.xls
15 yr Mortgag Rates http://www.freddiemac.com/pmms/docs/15yr_pmmsmnth.xls
5 yr Mortgage Rates http://www.freddiemac.com/pmms/docs/5yr_pmmsmnth.xls
1 yr Mortgage Rates http://www.freddiemac.com/pmms/docs/1yr_pmmsmnth.xls
Filed under: Mortgage Rates
January 25th, 2008
Like the memorable scene from the film Jaws - borrowers, investors and homebuyers fled the mortgage oceans in 2007. Judging by the past week it seems the water looks safe again. We certainly hope it is. One thing the new year calendar year should bring is better loans in the mortgage market. […]
Filed under: Mortgage Recovery, Refinance
January 24th, 2008
Nice tool for tracking FED activity from CNN and Money
http://money.cnn.com/news/specials/fed/
Filed under: Mortgage Rates
January 24th, 2008
Source: BaltimoreSun.com
If you can refinance and you can find a flat fee mortgage then you may want to strongly consider the refinance option.
Refinancing needs
With mortgage rates falling, many consumers are considering refinancing their loans. But the requirements are different in this post-credit crunch. Some things you’ll need:
• Good credit, with a minimum score in […]
Filed under: Flat Fee Mortgage, Mortgage Rates, Sub-prime Meltdown
January 23rd, 2008
Overzealous investors trying to flip homes face financial ruin when no buyers emerge for their investment properties.
clipped from www.sun-sentinel.com
South Florida Sun-Sentinel.com
Personal bankruptcies jump 96% in Metro Orlando
Personal bankruptcy jumps 96% in Orlando The mortgage crisis is affecting borrowers at all income levels.
Nearly 7,060 debtors declared insolvency in Orlando’s federal bankruptcy court […]
Filed under: Foreclosures
January 21st, 2008
How to Clean Up the Mortgage Broker Mess:
There are a 2 simple yet powerful changes that need to take place for Mortgage Brokers to stay relevant as Congress seeks to take action against the mortgage broker industry.
Flat Fee Mortgage Compensation Model
Loan Contract
1. Flat Fee Mortgage -removing the agency problem in the mortgage business
I […]
Filed under: Flat Fee Mortgage, Mortgage Contract, Mortgage Marketing
January 18th, 2008
In a follow-up to our prediction in February 2007 -
http://mortgageblog.com/mortgage-contract/mortgage-contract-coming-soon/
Mortgage Contract in the works?
With the house democrats voting 100% in favor of HR 3915 Mortgage Reform and Anti-Predatory Lending Act of 2007 - it appears that a national mortgage contract is going to be adopted for consumers that wish to take out a […]
Filed under: Mortgage Contract, Sub-prime Meltdown
January 11th, 2008
clipped from www.prnewswire.com
Creates Largest U.S. Mortgage Lender and Servicer
CHARLOTTE, N.C., Jan. 11 /PRNewswire/ — Bank of America Corporation
today announced a definitive agreement to purchase Countrywide Financial
Corp. in an all-stock transaction worth approximately $4 billion.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)
The purchase will make Bank of America the nation’s largest mortgage
lender and loan servicer. This […]
Filed under: Uncategorized
