Entries from November 2007

More info on Increasing Mortgage Costs

Date November 21, 2007

exclamation“Ask and ye shall receive”

I recently posted about the delivery fees that Freddie Mac will be imposing on loans with score below 680 and LTV’s above 70%. With that report, I have been asked several times how this will work……

Inside the Money (a look at the mortgage industry) 11/21/2007

Date November 21, 2007

This week Inside the Money:

Freddie Mac announces Higher Costs for Mortgages, Rates remained relatively level, Subprime is making strides, and It’s still a great time to buy or refinance!

The Purpose of an Appraisal

Date November 20, 2007

Value of a homeWhen applying for a mortgage loan, one of the major considerations is the value of the . After all, a lender will not want to lend more on a than it is worth. So to establish its value, a licensed appraiser…

Update on Increasing Costs of Mortgages

Date November 20, 2007

Earlier today I posted about the fact that Freddie Mac had announced new “delivery fees” that they are planning to require beginning March of 2008. I just read an article in the news that might expain why this is…

According to…

Increases in Cost of Mortgages Announced!

Date November 20, 2007

urgent
ATTENTION 

I just got word that Fannie Mae and Freddie Mac are about to raise the cost of obtaining a mortgage! This is not a normal rate fluctuation we are talking about. What is being proposed and expected is that there will…