For the first time in its history, the FHA changed its funding fees and mortgage insurance structure this week. FHA-insured home loans are now subject to a risk-based pricing adjustment, as shown by the table above. Because of risk-based pricing, FHA home loans are now more expensive for borrowers with less-than-ideal credit profiles, and less [...]

For the first time in its history, the FHA changed its funding fees and mortgage insurance structure this week. FHA-insured home loans are now subject to a risk-based pricing adjustment, as shown by the table above. Because of risk-based pricing, FHA home loans are now more expensive for borrowers with less-than-ideal credit profiles, and less [...]

I posted a video about this a short while back and it demonstrated just how easy it is to steal your identity through skimming at the ATM. I caught this article on MSN and thought I would post it here for you. Enjoy, learn and take action! Michael P.S. I have some free email courses [...]

Another day, another piece of inflationary data. June’s Consumer Price Index showed a 5 percent year-over-year increase in what is now the largest annual Cost of Living increase for Americans in 17 years. This is bad news for both home buyers and homeowners in want of a new mortgage because rising costs are inflationary and [...]

Last week, Forbes Magazine published a Top 10 list that should grab the attention of housing market bottom-feeders. The Top 10 list of Increasingly Affordable U.S. Housing Markets shows that falling home prices and steady mortgage rates are providing a support floor in some of the country’s most beat-up regions. The report’s methodology is simple: [...]

Mortgage markets have turned their attention back to the U.S. economy this morning, causing yesterday’s rate improvements to unwind a bit. Rates had fallen Monday after the Federal Reserve and U.S. Treasury’s joint announcement in support of Fannie Mae and Freddie Mac. Today, it’s the data that is taking center stage. Most notably, the U.S. [...]

Mortgage rates fell slightly in a week that included a bank failure, more oil price spikes, and questions about the health of the nations’ mortgage market. Rates would have fallen more if not for a late-Friday sell-off that added 0.125 percent to most products. As financial markets fell under stress, most people missed the strong [...]