With the steady decline and continued erosion of residential mortgage lending guidelines, the question lingers- will the commercial mortgage market follow?The answer would appear to be "yes" to the average American seeing the economy screeching to a standstill. But as Mr. Miagy said in the Kara
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03/31/2008
At a time when the economy needs a shot in the arm to revive, it would seem that the government and big mortgage lending seem to be at odds. As the "mortgage meltdown" continues to grow, lenders are continuing to tighten guidelines at a record pace. As fast as the government can find ways to
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03/05/2008
AS I sit here and receive another URGENT BULLETIN from yet another hurting mortgage lending institution (Chase Bank) about discontinuing the A Minus product line as of today, I realize this is one of a dozen or so that I have received in the last week or two. I allow myself to drift off into t
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03/05/2008
To be frank (or Tom as in this case), if I hear the word "Stimulus" one more time I might very well run from my office completely naked in hopes of being taken to a home for the criminally insane and placed in a padded room with no contact to the outside or the New World Order of The Stimulus. I
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02/27/2008
Is the Economic Stimulus Bill (H.R. 5140) that President Bush signed into existence last week temporarily un-stimulating the jumbo housing market? The shotgun approach to implementing this new legislation has left many hanging in limbo. The new legislation will raise the conforming mortgage lo
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02/18/2008
The Mortgage Meltdown- spells savings for many. We have all seen it on the news and read about it in just about any newspaper you pick up. It is "The Mortgage Meltdown" and unless you have been living under a rock you know it is ever present in today's financial world.By all news accounts the
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02/12/2008
FHASecure is a temporary lending program - which expires in late 2008 - announced by President Bush on August 31, 2007, and released to FHA-approved lenders on September 4th. Qualified homeowners seeking payment relief from their ARM may be able to use FHASecure to refinance their loan into a mor
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01/31/2008
Understanding What Causes Interest Rate MovementConsumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. Often the media is the culprit causing the confusion. In the last few years, the Fed has taken action that caused mortgage int
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01/28/2008
