Jake's Jabber

Recent housing woes gave pause to many borrowers, but no groups fell more uncertainty about their home owning prospects than low to moderate wage earners and minorities. Coupled with run ups in home values in recent years, these potential buyers may see their own housing picture bleak. This is no...

Great News!FHA has increased their loan limits.To see how it has affected your state and county follow the following link:https://entp.hud.gov/idapp/html/hicostlook.cfm

The Capital Markets Sales Desk has fielded a large number of calls from customers simply asking,  "What's going on?  Why is the mortgage market trading lower every day?"  The following are reasons that could help explain why mortgages are struggling and why current market conditions are so volati...

 For Mortgage Lenders and Realestate Professionals:Thursday, March 6, 2008 8:30AM to 4:30PM  (Registration from 8:00 - 8:30 AM)Reno/Sparks Association of Realtors  5650 Riggins Court, Reno, NV  89502  6 Hrs of Continuing Education Credits (CEUs) for Real Estate Agents/Brokers (Approval # CE-34440...

The President has signed the Economic Stimulus Package. This package will give temporary relief to the Jumbo market by raising conforming and FHA loan limits. The unfortunate part of this plan is that this is not a set limit nationwide. Several steps must occur before lenders can accept applicati...

Exerpt:Refinancing A Mortgage? Move FastLiz Moyer and Tatyana Shumsky 01.31.08, 6:00 AM ET The Federal Reserve has chopped short-term rates twice in the span of eight days, pushing the overnight rate to 3%, the lowest since September 2005. Can we refinance our mortgages now?A lot of homeowners ce...