Eric Painter's (erpainter) Blog

With the Fed saying today that their rates will still stay low and their MBS purchase program will end on March 31st, was a punch in the MBS stomach .  Shortly after this statement MBS trading fell over 25 bps to the lowest levels of the day.  Before the Fed started buying $1.25 trillions (yes T ...

  FHA is making some changes that will impact buyers.  Starting April 5th, 2010, FHA will change the minimum down payment for credit scores that are under 580.  FHA will now require 10% down for these borrowers. Since they are the only investor who offers this type of financing, I expect their 21...

      As lenders increase their minimum credit score requirements to 620 for FHA purchase money loans, some buyers are facing problems.  I have several clients who are looking for properties currently and have less than the 620 credit scores.  I am passing on the following tips to help them incre...

I know I am only a few years behind.  I want to have a good web site build.  I am looking for a company that can build a Loan Officer web site.  Who out there can recommend a good one that works for them?  I There are allot of options and I am not sure how important it is to have all the bells an...