Several high-profile mortgage lenders, including American Home Mortgage, closed their doors this week and stopped funding loans. Others dramatically limited their list of “eligible” borrowers. Many buyers and sellers across the country have been stranded at the closing table without funds this week, only adding to the confusion. Because the story is not getting much [...]

Money Magazine recently listed their 2007 Top 100 Places To Live with Middleton, WI topping the list. The full Top 10 list, in order: Middleton, WI Hanover, NH Louisville, CO Lake Mary, FL Claremont, CA Papillion, NE Milton, MA Chaska, MN Wallingford, PA Suwanee, GA How did Middleton get to number one? The formula seems [...]

Money leaving the stock market helped mortgage rates move lower yesterday. As the Dow swung from a 140-point gain to a 140-point loss in a matter of hours, dollars were looking for a place to “park”. Mortgage bonds were one beneficiary. When investors sell stocks in a portfolio, they don’t always want to keep the [...]