John J. Moriarty's (jmoriarty) Blog

 For Immediate Release April 03, 2008 LONG-TERM MORTGAGE RATES DRIFT SLIGHTLY UPWARD THIS WEEKShort-Term Rates Go The Other WayMcLean, VA - Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.88...

Important Soft Market Policy UpdateThe following changes to the current Soft Market policy will become effective on Monday, March 17, 2008 at 5:00 p.m. (PT): The Soft Market Category ratings for several Metropolitan Statistical Areas (MSAs) have changed.  Click here to view a list of the MSAs cur...

Important Soft Market Policy UpdateThe following changes to the current Soft Market policy will become effective on Monday, March 17, 2008 at 5:00 p.m. (PT): The Soft Market Category ratings for several Metropolitan Statistical Areas (MSAs) have changed.  Click here to view a list of the MSAs cur...

FHA Mortgage Limits List - Fannie/Freddie Message:   MORTGAGE LIMITS SUCCESSFULLY COMPLETED Mortgage maximums as of Thursday March 27, 2008(87 records were selected, records 1 through 50 displayed) MSA Name MSA Code Division County Name CountyCodeStateOne-FamilyTwo-FamilyThree-FamilyFour-FamilyLa...

Effective Tuesday April 1st the maximum LTV for all Conventional and Bond Loans is 97% Due to recent changes in the Mortgage Insurance Industry 100% financing for the following products has been suspended:100% My Community100% Fannie Flex100% House America100% Conventional Bond ProgramsAdditional...

For over 140 Years MetLife Auto & Home has been building a reputation of integrity, leadership and financial strength and we are committed to being the absolute best in paying claims.  MetLife is an A+ Excellent rated company, over $600 Billion strong, and the largest life insurance company in th...

Welcome to First Prefered Financial, LLC        www.FPFCO.comFirst Prefered Financial, LLC is a full service mortgage lender specializing in home mortgage loans. Whether you are purchasing an existing home, building a new home, refinancing or need a loan for home improvement, debt restructuring o...

Glossary of Terms A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z   AAcceleration clause - The clause in a mortgage or trust deed that stipulates the entire debt is due immediately if the mortgagee defaults under the terms of the contract. Acquisition cost - Under an ...

Types of Loans Loan Descriptions Below, you will see a brief description of some loan types offered. Some of them are not used as much as others.If you have any questions, contact us at 763-757-2000 Main or send a fax to 1-877-293-2547. You can email us at info@FPFCO.com.Conforming Loan A loan in...

FAQ'sHere are some answers to some commonly asked questions. If you have any questions that aren't listed, contact us at 763-757-2000 Main . You can email us at info@FPFCO.com .I can't afford 20% to put down on a house?Is an Interest Only loan right for me?What are No Documentation Loans?Do I nee...