Category Archives: Economic

FHA to Increase Upfront Mortgage Insurance and Decrease Seller Concessions

As promised in December, the Federal Housing Administration has announced the details of changes intended to strengthen its capital reserves which were reported to be headed into dangerously low territory late last year.  The changes are designed to increase the … Continue reading

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Why it is difficult to Rate Shop in Today’s Mortgage Market

Imagine if you will for a moment, that you wanted to shop for the cheapest gas station to buy gas at. It seems easy enough at first. You can drive around and look at the big billboards and after you … Continue reading

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$6500 home-buyer tax credit for current homeowners

Apparently all the talk about the $8000 first-time homebuyer tax credit being extended and expanded is coming to pass. According to a USA Today article… “Senators agreed to extend the existing tax credit for first-time home buyers while offering a … Continue reading

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House Passes Home Buyer Tax Credit Extension. Obama to Sign Friday

The House of Representatives has voted to pass legislation extending the home buyer tax credit until April 30, 2009. Last night the Senate voted 98-0 to pass the legislation. Next the bill will head to President Obama to be signed … Continue reading

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Mortgage Expert Barry Habib says You need to Refinance RIGHT NOW!

Barry Habib regularly featured on CNBC, long time mortgage broker, expert on rate movements and author of the most widely read mortgage industry news update with lock and float recommendations “Mortgage Market Guide” http://www.mortgagemarketguide.com/barryhabib/aboutbarry.html says you need to get that … Continue reading

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New Federal Guidelines May Delay Real Estate Agents Commission Checks!

Recent changes to the lending process may result in longer closings, more paper work, and even mortgage loans being denied to customers with excellent credit and large down payments! As a Real Estate agent you paycheck is on the line! … Continue reading

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Making Home Affordable

Well we have yet another change to the government programs to help homeowners out there. I think this just goes to show you about the inefficiency of government. This is the third program in less than 6 months that has … Continue reading

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Most Timely Quote

“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not … Continue reading

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Sick, and a little sick and tired… Again

Well the Pirate is down with another sinus infection. It seems like I get them every year about this time as the seasons change and the pollen starts flying. I got a little sick too when a loan that I … Continue reading

Posted in A Pirate Looks at 40, Mortgage | 1 Comment

Making Home Affordable

Well we have yet another change to the government programs to help homeowners out there. I think this just goes to show you about the inefficiency of government. This is the third program in less than 6 months that has … Continue reading

Posted in Mortgage, Political | Leave a comment