Posts tagged as:

Fannie Mae

Like Apologizing for Friends the Morning after a Bender

Jon Stewart on The Daily Show has a way of putting his finger on things.  In this interview with Austan Goolsbee, chair of the Council of Economic Advisors,  took a couple of licks from Stewart, who equated Goolsbee’s position to a guy who has to apologize for his friends the morning after a bender. The [...]

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Are the Banks doing Foreclosures properly?

Recent MSNBC clip highlights another mess with housing – Banks are foreclosing on homeowners without accurate paperwork or sometimes without even notifying the homeowner: Transcript Highlights: >> Most mortgages are backed by the government. in order for a bank to get that sort of backing, it must fit two criteria. one, borrowers must be verified [...]

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It’s a Great Time to Refinance

Many home owners in Charlotte and North Carolina are discovering it’s a great time to refinance their home loan.  With the unusually low rates of the past few weeks, we’ve helped homeowners: Shorten their mortgage term to 10 or 15 years without increasing their payment Save several hundred dollars each month in interest Convert from [...]

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How much of a Downpayment do you need?

I got two funny phone calls today from Charlotte Real Estate Agents, both asking about down payments.  Since the mortgage crisis started three years ago, the biggest mis-information in the media has been concerning down-payments, with most news articles saying you need 25% or more for a down payment. The first call went like this: [...]

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What’s Ahead For Mortgage Rates This Week : May 24, 2010

Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.

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