Lee Walsh's Mortgage Blog

A recent WSJ article on the  DPA sector of down payment assistance showed how HUD is still looking for ways to shut this financing option down. If this area of down payment assistance is new to you here are the basics on how it works. Q: Can this program be used on any loan product?A: Loan guidel...

Well it's official, the circus has rentered the real estate market. Where else but right here in sunny Florida. Tampa to be specific. The Arbors at Branch Creek, a complex of 390 homes in Countryway, Fla., will be setting aside one of their pools for skinny dippers and nude sunbathers to stand ou...

Well it's official. Washington Mutual has announced that they are no longer going to offer the option arm.I am amazed that they have continued to offer this product for the last 9-12 months.So to date WaMu has exited the wholesale, and the subprime sectors. It's subprime company, Long Beach Mortg...

Save New Jersey Homes Act - could actually help.The New Jersey mortgage relief law is the kind of legislation that could help both the homeowner and the investors.The bill, S-1853, known as the “Save New Jersey Homes Act of 2008,” would require mortgage companies to notify borrowers at 60 and 30 ...