Jay Seymour's (jayoregon) Blog

Fannie Mae is implementing new underwriting policies the weekend of December 13th, 2008. They are stating they MAY honor current guidelines to March 1st in some circumstances; however, to be safe we'll use the 12/13 date as the implementation date for the following items: -Bankruptcy Policy Chang...

I apologize in advance for the length of this entry; but I've just about had it with the constant 'sky is falling' attitude when it comes to mortgage eligibility and the mainstream media. I"ve also had it with the constant 'mis-advertising' being presented to the public by a Portland area mortgag...

Since I just joined Active Rain I decided to make my first posting easy, and copy and paste from my regular blog at www.jayseymour.com I promise in the future to be more original! The feds reduced the fed fund rate to 1% today, with the prime rate now reduced to 4.00%. This has little effect on f...