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Mortgage and Lending - Franklin Advantage Inc. - NMLS Lic. # 343946
The U.S. Senate Banking Committee's panel's chairman, Christopher Dodd, and top Republican Richard Shelby reached an agreement that would help to stem foreclosures.  The Bill is intended to stabilize current foreclosures that have helped to create the housing mess that we are facing now. While a...
  l             Today, Fannie Mae announced that they were scrapping higher down payment requirements that they adopted late last year in favor of reestablishing former requirements. AP announced late in the day that they had received information in Washington relative to the move. Consumers, len...
 With 2007 behind us, the New Year brings anticipation of things to come.  This will make my 38th year in the business, since I began my banking career in 1970.  My best wishes to everyone.If rates are an indication, rates are almost at historic lows not seen in three to four years.   The FNMA 30...
 Merry Christmas Everyone2007 is almost to a close with the Christmas Holiday here.  Many of us in the Industry have seen or experienced challenging times and market corrections.Let us not forget the True Reason for the Season, Jesus Christ was born, to serve and redeem us with His Sprit.May your...
 This is usually the time of year when those of us in the industry are winding down for the year, and are contemplating our marketing plans and strategies for the New Year.  It's also a time for many of us to close out what we need to get done, hopefully before the Holidays, and kick back and enj...
 The last three to four months have really played havoc on the real estate and mortgage industry along with the various servicing companies that depend on these sectors for a living.  August was the month when the bottom really fell out of the mortgage industry, and it's been a roller coaster eve...
  The Senate passed a Bill today, Bill number S.2338 which would help FHA and raise the limits in areas throughout the country fairly substantially.  The Bill is designed to assist those suffering from the Subprime debacle, but also adds features like the limit increase which will help more buyer...
 It's been two days since the Fed Rate Cut, and many of us in the Lending business are sitting here Wondering just what is going on.  In fact, just before I started my blog post today, I answered a question from Q&A on the same subject.  The party was questioning Why rates are going up after the ...
 This is my first post to ActiveRain.  I would like to say Hello and Thank You to the creators of this site for this opportunity.  I was referred here by a fellow member who believes that what we are doing here is important in many ways.  I'd also like to say Hello to All of the Activerain Member...

Wayne L. Brown

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