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When this guy can't qualify for a mortgage, you know the mortgage rules are too tight!

FORMER US FED CHAIRMAN CAN’T GET A MORTGAGE.

Anyone remember this guy?  Ben Bernanke.   He’s just the former Chairman of the US Federal Reserve Bank. He served two terms from 2006 to 2014.   2,082 more words

Mortgage News

Bi-weekly payment myth.... it won't pay your mortgage off faster.

 Bi-weekly payments won’t pay your mortgage off faster.  Yup, it’s true.  Around 4 yrs ago, I wrote an article showing some simple but effective math to explain this.   428 more words

Mortgage News

New 15 Year Mortgage- Debuts in Charlotte!!!

Just when you thought the days of zero down-payment loans were gone forever, a nonprofit is testing a new concept to offer low-to-moderate-income home buyers the chance to secure a 15-year mortgage with little to no money down. 318 more words

Concord NC Real Estate Agents

Notes from the Mortgage Regulatory Forum - CFPB update

Allison Brown, Program Manager for Mortgage Supervision at the CFPB, shared some insight at the Mortgage Regulatory Forum in DC into how the CFPB decides what mortgage companies to investigate. 209 more words

Mortgage News

Tuesday Market Update

Stocks are higher and Mortgage Bonds are lower so far this morning.  Mel Watt, the head of the Federal Housing Finance Agency (FHFA), said yesterday that the FHFA has been working to refine the Representation and Warranty Framework to provide more repurchase clarity to the country’s banks.  272 more words

Real Estate

RBC charges homeowner $8900 penalty, or 15 months interest charge!

Picture this… Your mortgage is with the biggest Canadian Bank in Canada.  You feel safe.  You got a great rate at the time… 2.99%.   What could go wrong?   463 more words

Mortgage News

Market Update

Stocks are lower and Mortgage Bonds are higher so far this morning.  Dragging on Stocks are some weaker than expected earnings, namely from IBM.  Ebola fears have begun to ease this morning as nearly all who were quarantined by the city of Dallas, because they had contact with the patient Thomas Duncan, have completed the 21 day incubation period and have been cleared of the disease. 106 more words

Real Estate