Article of the Day: Rate Locking Rules - Mortgage Rate and Tip For 1-5-09

Mortgage Approval Getting Tougher

Mortgage approvals are getting harder and harder to come by…even for the previous “good” borrower.
Lenders and the automated approval systems they use to approve borrowers underwent a major overhaul this month. On first blush one might think this was a knee-jerk reaction to the credit crunch, but there is more on deeper inspection. [...]

100% Mortgage Pros and Cons

The 100% mortgage programs are really popular right now. The 100% mortgage is a loan program which requires no down payment. Therefore, trouble may be brewing.
Now on the surface a 100% mortgage this seems like a great idea. Since most surveys show the number one reason for not buying a home [...]

Senator Dodd Shamelessly Shills for Fannie Mae in Press Conference

The dictionary definintion of a “shill” is: a person who publicizes or praises something or someone for reasons of self-interest, personal profit, or friendship or loyalty. Well, if that’s the definition then that is exactly what Presidential hopeful, Senator Dodd did yesterday in his press conference.
Who was he shilling for you ask?
None [...]


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