Greg 's Blog

The credit reporting bureaus have forms you can use when disputing negative marks on your credit. Using their forms can makes things easier on them. You want them to have to work as hard as possible. They only have 30 days to resolve your claims or remove the items from your record.  You don't ha...

Payment History Tips Pay your bills on time.Delinquent payments and collections can have a major negative impact on your score. If you have missed payments, get current and stay current.The longer you pay your bills on time, the better your score. Be aware that paying off a collection account wil...

JP Morgan Chase is in "advanced talks" to purchase struggling thrift Washington Mutual, according to a report published today in the American Banker. Washington Mutual has seen its share price fall more than 75 percent this year, making it a strong takeover candidate for a bank like Chase. In ear...

On July 30, 2008 the President signed the Housing and Economic Recovery Act of 2008 (HERA).  This bill is actually divided into the following five parts: · FHA Modernization Act of 2008· Hope for Homeowners (FHA Rescue Program)· Reform of Government Sponsored Enterprises (Fannie and Freddie)· Sec...

Are you a 1st time homebuyer or working with one in the Chicago area?  I'll be happy to provide you the application, contact name & email address for this. MY FIRST PLACE, HGTV's hit series, is coming back for a Fifth season and we're looking for first-time homebuyers in the Chicagoland area RIGH...

About 1/2 of all US mortgage debt is purchased by Fannie Mae & Freddie Mac. Loans conforming to their underwriting guidelines are sold to these institutions allowing lenders like Bank of America, Wells Fargo, Washington Mutual & others to free up cash to make more loans. An alarming number of tho...

According to figures from the Federal Reserve more than 4 million americans will turn 50 in 2008.  Thats someone ever 8.5 seconds!  The baby boom years are from 1946 thru 1964. The peak year was 1957 when 4.3m americans were born. Over 3.4 million americans will turn 62 in 2008. Many want to reti...

US news recently published the following 6 points which I paraphrase here. Timely Communication - If the agent doesn't return phone calls timely or is regularly unavailable for large blocks of time. No Advice - If a buyers agent appears to be ignoring obvious signs of deferred maintenance or simp...

Do you have a payment option loan with a prepay penalty that is interfering with your ability to refinance out of this high risk loan type.  The following lenders have waived their prepay penalties on their payment option loans in an effort to help reduce the number of loan defaults they are incu...

According to a new report by zillow, the majority of U.S. homeowners don't believe their properties have been negatively impacted. Nearly two-thirds (62 percent) of homeowners surveyed said they believed their homes either increased in value or stayed level over the past year, though Zillow stati...