Illinois and Indiana Home Loan Expert in FHA | VA | USDA | FHA $100 Down | FHA 203(k) | Fannie Mae | Ginne Mae

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Mortgage and Lending - Canopy Mortgage, LLC - NMLS 124492
Certified Mortgage Planner, Certified FICO Pro and Certified Military Housing Specialist blogging about mortgages, real estate, economics, politics and community events.
RECENT BLOG POSTS
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Everyday it is more evident that we live in a microwave society of consumers looking for instant gratification. I recently spoke with a consumer that wanted to accomplish the following: 1) buy a home with no money out of pocket; 2) show her how to save money for retirement; 3) provide a game plan...
02/02/2008
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Per the most recent public data (Dec 2007) on Mortgage Backed Securities and Asset Backed Securities, 87% of mortgages being securitized successfully are the ones bought by Fannie Mae and Freddie Mac. On the flip side, only 13% of mortgages that are closing are classified as jumbo and/or subprime...
02/02/2008
Beazer Homes USA Inc announced today that they were exiting the mortgage origination business as a part of the restructuring of the homebuilding operations. Once one of the largest regional builders of single family residential homes, Beazer is now forced to focus on what made them successful...b...
02/01/2008
Attention everyone! Closing costs and prepaids are not the same. I often get feedback from consumers, realtors and referral partners on why are your closing costs so high?My initial response is to ask which closing costs? They inevitable state all of them. Once we drill through the estimated clos...
02/01/2008
If you have been in this business long enough, mortgage professionals always regret the day that the FOMC meets to discuss rate cuts. The main reason is that consumers are not educated enough to understand the real role of the FOMC and the impact on mortgage rates. I like many of my mortgage bret...
01/30/2008
Consumer Confidence Index (CCI) is the culmination of a monthly survey of 5,000 households in order to understand the level of consumer sentiment towards the current economic conditions (40%) and future expectations (60%). The CCI is extremely important due to the fact that consumer spending acco...
01/29/2008
For anyone that has taken a ride on the real estate growth of the past 5-7 years knows that they have been phenomenal years. Even by the standards of the National Association of Realtors, the industry was having all time highs for past several years. Because of the housing boom, the industry has ...
01/29/2008
If you didn't know, tax season is in full affect. I know that many of you have waited to ask your CPA questions about your tax preparation; unfortunately, your CPA is hidden in his annual bunker. So here are a couple of tips to avoid that nasty audit from the IRS.The most common error according t...
01/28/2008
Once again, Bernanke is being accused of reacting to market events instead of being proactive to ensure economic growth. As everyone is aware, the FOMC enacted one of the largest emergency rate cuts in the FED's history this past Tuesday based on the sell off in world markets the previous day. Be...
01/26/2008
Listening to the banks, zero down from a buyer is extremely risky. Upon further analysis of this mindset, who really is at the most risk? The banks claim that 100% financing leads to consumers with no real monetary interest into a home. Therefore, the banks holds all the risk. If that is the case...
01/26/2008
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James K Barath, CMPS

FICO Pro, Certified Military Housing Specialist
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