Chris McDonald's (chrismcdonald) Blog

The Federal Reserve on Thursday announced that, in 2007, American ownership in their homes as measured by equity fell below 50 percent for the first time since records were first kept in 1945.During the 2nd quarter of 2007 the central bank reported that homeowners' equity slipped to a downwardly ...

    Nearly a quarter of a million more families could be eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic growth package signed into law by President Bush last month. The Economic Stimulus Act of 2008 will allow HUD's Federal ...

At least there will be some people who will not suffer unduly from the subprime mortgage mess - even if they played a role in creating it.The Wall Street Journal is reporting that Washington Mutual (WaMu) has approved compensation targets for its top executives that will exclude some of the costs...

You've read it in the paper and seen it on TV - right now is the time to consider investment property opportunities.  If you're considering an investment property, you should choose a mortgage professional with the knowledge and experience to help you reach your goals. I specialize in investment ...

Wednesday's bond market opened in positive territory but has since fallen into negative ground as stocks gain strength. The stock markets are rallying after one of today's pieces of data showed stronger than expected results. The Dow is currently up 104 points while the Nasdaq has gained 21 point...

Tuesday's bond market has opened relatively flat with no relevant economic news scheduled for release today. The stock markets showing losses with the Dow down 150 points and Nasdaq down 26 points. The bond market is currently up 4/32, but we will likely still see an increase in this morning's mo...

This week brings us the release of five economic reports to be concerned with. Two of the reports are considered to be only moderately important while one is of extreme importance to the bond and mortgage markets. With the key reports spread throughout the week I am expecting to see a fairly act...

Freddie Mac and Fannie Mae may have gotten good news from their regulator which lifted the corporations' portfolio caps, but their earnings reports for the year just ended were pretty devastating.Fannie Mae released its 2007 earnings on Wednesday and Freddie Mac followed suit on Thursday morning....

The Office of Federal Housing Enterprise Oversight (OFHEO) announced Wednesday that it would be lifting the caps it had imposed several years ago to limit growth of Freddie Mac's and Fannie Mae's owned portfolios.The caps had been instituted after both of the huge government sponsored enterprises...

The foreclosure process varies in every state and it's imperative that homeowners understand this process. One this is for sure, time is NOT on your side. But, an educated consumer is always an informed consumer who can make a "good" decision based on facts. Learn everything you can because this ...