ARCHIVED BLOG POSTS
2013
The Goodspeed Opera House has announced their Musical Productions At The Goodspeed Opera House, Chester, CT 2013. If you have not been to the Goodspeed Opera house for one of their Musical Productions, then you need to make it a must do in 2013. The Musical Productions at the Goodspeed Opera Ho...
01/23/2013
A joint report by the Census Bureau and HUD announced that builders broke ground on 954,000 New Homes In December Represent A 12.1% Jump Over November. According to Census Bureau and HUD this is also the highest rate since July of 2008. Multi-family housing represented the strongest of the activ...
01/23/2013
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Middletown Youth Lacrosse For Grades 1-8 is holding registration for their 2013 season. We did not have Lacrosse when I was growing up in East Providence, RI, but boy OH boy would I have loved to play this sport. Just imagine being able to run up and down a field, with a stick and whacking peo...
01/22/2013
I want to start off this blog by stating that I DO NOT necessarily disagree with a Total Debt-To-Income Ratio of 43%. We already have one major Loan Program that has a Total Debt-To-Income Ratio (DTI) that is lower than that. USDA/Rural is 41%, and even though a VA Mortgage can have DTI as high...
01/21/2013
Today is Martin Luther King, Jr. Day, A Day Of Honoring A Great Man. Martin Luther King, Jr. deserves this honor and much more. Some may argue that his dream has not been fulfilled, but I would argue otherwise. Martin Luther King, Jr. had a dream not for himself but for all mankind. A dream of ...
01/21/2013
Yesterday I wrote a blog Consumer Financial Protection Bureau Qualified Mortgage Rules (QM) which covered a couple more of the Qualified Mortgage (QM) Rules crafted by the Consumer Financial Protection Bureau (CFPB). The second QM Rule that I covered in yesterday's blog, would reduce Debt-To-In...
01/20/2013
A couple of other Consumer Financial Protection Bureau Qualified Mortgage Rules (QM) that have also been revealed other than the Ability-To-Repay are provision to limit points and fees on Mortgages, including points and fees to compensate Loan Originators. The other feature of the Consumer Finan...
01/19/2013
Not Everything We Receive In The Mail Is As It Appears. A problem that Lenders face on a regular bases is a scam by companies that soloist Borrowers after a Loan Closes and recorded at the Town Clerks Office. These companies make it a practice to retrieve the information that is recorded in the...
01/18/2013
With FHA contemplating several Changes this year that are NOT to the benefit of Borrowers, Fannie Mae Loans Are Starting To Become The Preferred Loan Product Again. If the Proposed FHA Changes For 2013 become a reality, many Borrowers that now qualify for an FHA Mortgage will no longer qualify. ...
01/17/2013
The long awaited Consumer Financial Protection Bureau Mortgage Qualified Mortgage Rules have finally been unveiled. The Qualified Mortgage (QM) Rules were crafted by the Consumer Financial Protection Bureau (CFPB) to protect both Consumers and Lenders, but the proof of this will come once the QM...
01/16/2013
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