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Government has woefully neglected its regulatory duties. Banking management and Government have worked in tandem to undermine the sensibilities of this great country.

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Category: FHA down payment

Most Corrupt Politicians for 2009

Judicial Watch Announces List of Washington's "Ten Most Wanted Corrupt Politicians" for 2009 ViewDiscussion.Contact Information: Press Office 202-646-5172, ext 305 Washington, DC Judicial Watch, the public interest group that investigates and prosecutes government...

Reverse Mortgages, The Loan of Last Resort.

Intelligent Investing Panel Avoid Reverse Mortgages Alexandra Zendrian , 12.07.09, 06:00 AM EST Keep away from the mortgage of last resort. Retirees are living longer than they may have anticipated, and for those who own their homes but are...

Markets Working Well in Hardest Hit Cities

SoCal Home Sales Increase Slightly, Median Unchanged 13Oct09 Truth About Mortgage Southern California home sales increased from August to September, a rarity fueled by record low mortgage rates , late-closing summer transactions, and the soon-to-expire...

How Much Mortgage Can I afford?

One of the first things your loan officer will do is figure out two types of debt-to-income ratio. The first is your housing to income DTI and your Total DTI. DTI is essentially your monthly liabilities divided by your gross monthly income. Some lenders have a DTI requirement of 29/41 for FHA...

Fed Slowing MBS Purchase Pace

Research from Credit Suisse  states that if the Fed would like to keep rates lower for longer, it will need to slow the pace of its current purchases in order to maintain their capacity to continue to purchase mortgage backed securities. CS analysts stated the Fed's...

David Stevens of Freddie Mac, Wells Fargo, World Savings Going to FHA

President Obama has named David Stevens , a former World Savings, Wells Fargo and Freddie Mac executive as Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner. Prior to this nomination David Stevens was appointed to the post of...