Score one for the little guy: New York judge wipes out borrower’s mortgage debt when lender can’t produce the note. Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
Monthly Archives: October 2009
7 Things Every Home Buyer Should Know – Part 2 – Don’t Worry
Time to take a look at the second installment in the 7 things series. If you recall, last time, we looked at the fact that, in a rapidly changing market like we are, 6 months ago is ancient history. What someone paid 6 months ago…… Well, just read about that at 7 Things – Part…
First-Time-Home-Buyer Tax Credit Extension Info
The current $8,000 tax credit for first time home buyers is set to expire in approximately a month. Since then, there has been a rush for buyers to find a home and close before the December 1st, 2009 deadline. In a related CNBC interview, several industry experts discuss whether extending the tax credit is a…
Zillow Mortgage Marketplace: Changes Make It Better For Consumers
I have found that few things in life separate the sheep from the goats men from the boys efficient from the not-so-efficient like the free market does. Earlier this week, I received an email from the people at Zillow saying that they were making changes to their Zillow mortgage marketplace and were going to start…
Social Networking: A Virtual Landscape for the Real Estate Market
Back in the day, marketing homes for sale involved a listing on the MLS, buying ad space in newspapers, displaying signs on site, and lighting scented candles for the open house. Now, there are countless avenues to gain exposure to buyers and sellers. Through social networks (which connect groups sharing common backgrounds and interests), you…
Don’t Read This Book! … And Never Learn How You Can SAVE And Quite Possibly MAKE Money On Your New
October 25, 2009 San Francisco, CA. SmartShopperSolutions.com announced the release of a new book titled "First Time Homebuyer’s Handbook: Secrets To Saving Thousands On Your New Home". Full of sage advice, it’s a must-read for all perspective buyers Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go…
East Costa Mesa, CA ~ Single Level SFR homes now for sale
East Costa Mesa, one of the most popular residential areas at South Orange County during recent five years, located west of the Back Bay and east of SR55. See East Costa Mesa single level SFR homes now for sale (click here for free active link). Please let us know whether this information is helfpul. Thanks. Harrison…
Steady Mortgage Rates Put to The Test as Fed Exits Treasury Market
The well defined range we have used to gauge our lock/float sentiment is being challenged. Since the range proved itself a reliable indicator of demand for debt in the benchmark fixed income market, we have advised consumers to lock when mortgage prices were near the high side of the range and to float when MBS…
Market Tests Our Lock/Float Strategy; FTHB Tax Credit Getting Bad Press
Reports from fellow mortgage professionals indicate lender rate sheets are similar to what we had yesterday morning. The par rate for a conventional 30 year fixed rate mortgage remains in the 4.875% to 5.125% range for well qualified consumers. To secure a par interest rate you must have a FICO credit score of 740 or…
Lenders Take Back Yesterday’s Rate Sheet Gains
After opening the day lower yesterday, MBS managed to rally steadily off the lows before a late day stock sell off added steam to the upward price momentum, which resulted in a few lenders repricing for the better by day's end. Several factors contributed to the late day price spike. The findings of the Fed's…