Art's Mortgage Solutions Blog

Mortgage and Lending - Mortgage Solutions Financial
This is the place to learn about mortgage finance and how it is impacted by the political, social, and economic climate of the country.



The market share for refinances must be considerably lower here in Oregon.  Borrowers are really in a bind with shrinking equity and tougher loan underwriting.   Art Marine Branch Manager 10220 SW Greenburg Road, Suite 250 Portland, OR 97223 503-764-4005 direct 503-799-7085 cell 1-866-510-4716 fa...
I think we are poised for an early Spring buying season for real estate in 2010.  Several factors come together to make this possible.  Real Estate prices have dropped like a rock.  Some areas have dropped 40 to 50% or more.  The clearance sale is on! The federal homebuyer tax credit will expire ...
The following from a CNBC story: CNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. "This committee will be recommend...
I would suggest the Clackamas County Fair and Events center.  This is an incredible facility with enough space for very large events and small settings inside for smaller more intimate events. The management at this facility is exceptional and the prices are reasonable.  I highly recommend them! ...
Recently HUD announced elimination of the 1% origination cap on FHA loans.  The change was made with the spirit of the new GFE that combines origination and other lender fees into one section.  This will allow lenders to present "origination charge", a bundled fee of origination fee and lender fe...
You know how the Fed has been buying up so many Fannie, Freddie and Ginnie Mae MBS?  Last year the Fed made up something like 75% of all such purchases.  It will be interesting to see what happens as they stop buying.  The conventional wisdom is that it will cause rates to go up, but the conventi...
How many companies out there won't be able to do FHA loans if HUD moves toward a minimum $2.5 million net worth to do FHA loans? Some estimates peg the loss at 70% of all current lenders! HUD estimates that about 40% of all currently approved lenders have less than $1.0 million net worth. Maybe t...

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