Posted on Tuesday, 19th May 2009 by chrisjones

Once, a thousand years ago, there were new loan programs coming out every day or two.  Now there are only a few left, and no innovation coming from the private loan markets, because it is the Fed that is doing all the dictating. But they are doing some dictating.  Yesterday HUD said it is writing [...]

Tags: downpayment assistance, DU Refi Plus, mortgage industry, mortgage lending, mortgage loans, mortgage modification
Posted in Blog & News, Finance 101, General, Rate Watch | Comments (2)

Posted on Wednesday, 4th March 2009 by chrisjones

The government unveiled the Home Affordable Modification (HAM) program today, and the provisions are interesting, exciting, and devastating, depending on who you are. First the interesting part.  If you are: 1. Anyone with an FHA or VA loan 2. Anyone that doesn’t own a home 3. Anyone that has a mortgage greater than $729,750 (don’t [...]

Tags: HAM, mortgage lending, mortgage modification, pork
Posted in Ask The Magician & FAQ, Blog & News, Finance 101, General, Rate Watch | Comments (2)