NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576 | MI LICENSE: FR0023580 Are Delinquent Mortgage Rates Up or Down?
According to recent reports, mortgage delinquencies are gradually declining – or have increased, once foreclosures are removed from figures. This all depends upon who you ask and the statistics you pull from. The disparity in results from the Mortgage Bankers…
Bill Would Allow CHFA to Increase Amount for Uninsured Mortgages
On May 6, the Connecticut Post pointed out a change coming to the Connecticut Housing Finance Authority. A bill approved that day in the legislative Finance Committee extends the maximum amount the CHFA allots toward uninsured mortgages from $1.5 billion…
Foreclosure Settlement Hits Several Bumps
Going back two weeks, the results of the $9.3 billion foreclosure settlement with 13 banks began to unfold. Since that point, the same level of incompetency that characterized big banks’ role in the foreclosure crisis continued. For those that don’t…
What’s More Expensive: FHA or Privately-Insured Mortgages?
For those that don’t know, FHA loans are the most common government mortgages. In a time when lending standards for conventional loans continue to tighten, they’re a lifesaver for borrowers with less-than-perfect financial backgrounds: credit scores under 700 or without…
Does Second Mortgage Upswing Signify Real Estate Recovery?
Multiple changes to mortgages resulted from the housing market’s crash in 2007: one, adjustable rate mortgages are no longer approved as easily; two, borrowers must meet stricter qualifications; and three, second mortgages took a major hit. A piece in the…