In the past 10 years, total mortgage balances (1995 to 2004 and 2004-2007 see section L.217) in the United States balooned from $5.128 trillion in 1997 to $14.557 trillion in 2007. That's an increase of over 250%! Where did all that money come from? In that time, the economy didn't grow by near
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03/06/2008
I got out of the house early this morning to visit my poling place, and the office of Exit Realty Firm right next door, only to find out that my poling place had moved! The fire station at the corner of Branch Ave. and North Main St. was clearly not open for business as a voting location. Fortun
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03/04/2008
Last week was just what many loan officers and borrowers were looking for: a week of sharp improvements in rates. What we saw was a substantial "flight-to-quality" as investors shied away from stocks and moved their money into safer treasury bonds. This was triggered by several reports indicati
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03/03/2008
There has been a lot of talk lately about the resurgence of the FHA loan program. It meets many of the needs of borrowers who may have qualified for sub-prime mortgages. Here are some basic guidelines to consider with the FHA option for your clients:FHA requires some credit: In spite of the not
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03/03/2008
