Finance

Once again the Federal Government is making getting a home loan more difficult, time consuming and cumbersome. The Mortgage Disclosure Improvement Act (MDIA) has good intentions, like many government mandates, it seeks to protect us, boneheaded citizens, from every possible harm because we are apparently not smart enough to make decisions on our own [...]

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Mortgage loan modification is something that has been talked about a lot over the past year as financial hardships have made it difficult for some to manage their monthly payments. Loan Modification is when your lender agrees to make a permanent change to the original terms of your mortgage loan. This could be [...]

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Mortgage Market Update June 9, 2009
Well, it’s Wednesday, May 27th and I’m cruising along at the office working out various underwriting issues working towards closing a bunch of loans because for the first time in over a year, I’m really busy! Oh happy day! Until today.
On the day I am writing [...]

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Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.
Donovan’s remarks came in an address to several thousand REALTORS®, including 130 from Michigan, who are in Washington D.C. this [...]

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Many potential Oakland County home buyers in today’s market are looking for creative ways to purchase homes. There are a couple of options which are widely overlooked but present opportunities to accomplish specific goals of buyers in the market. If you want to buy a house that needs minor repairs – perhaps a [...]

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Written by Maureen FrancisSKBK Sotheby’s International Realty, 248.430.4450
Visit WebsiteSearch for homes in Oakland County

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I have been hearing people saying lately that foreclosure is so common now that being foreclosed really doesn’t have the same negative impact on credit and borrowing ability as it used to. Can this be true? Absolutely not. This article is directed at those folks who are considering walking away from a [...]

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As I head to Florida for a much-needed vacation and annual Spring Training game (Go Tigers!!!), I leave you with an excellent Q & A reblogged with permission from my staging colleague Cindy Bryant of Redesign Etc, Inc. in Houston, TX.  Her post on Active Rain is spot-on and truly reflects the most common questions [...]

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Congress finally came to terms on this stimulus bill that we’ve been hearing so much about. This thing is very far reaching and is going to cost a boat load of money, but I am just focusing on the items that will affect real estate sales and mortgage finance.
Mortgage Rate Reduction - There has [...]

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Well, there has been more interesting activity in the mortgage interest rate market this month.  The Federal Government has been busy trying to keep the economic ship afloat and they are doing OK in some areas and poorly in others (my editorial opinion, of course).
I applaud the Fed’s for seeking to reduce mortgage rates and [...]

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Banks ARE lending money, they are just a quite a bit pickier about the particulars: who, what, how much, where, when etc…
When I wrote this post about seller financing a few days ago, I really had no idea about how the floodgates would open. Frankly, there are very few land contract homes listed in [...]

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