What's New in the Mortgage Market?

Follow me
Mortgage and Lending - Inlanta Mortgage - NMLS 182565, FL LO# 12
Discuss what's new in the real estate and mortgage industry
Part I: Good Credit Translates into Lower Rates for the Consumer In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a "man of his word,...
USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying homebuyers, with zero down payment required.But a change is coming!Beginning October 1, for the fir...
The Treasury will be auctioning off $110 billion in bonds next week. The market will have to absorb this. An over supply of bonds usually causes interest rates to rise. I suggest homebuyers to pay attention to get the best interest rate lock. 
Life After Bankruptcy By Jim Marcinkowski, Mortgage Consultant Fort Myers, FL - Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the proc...
What is the future of mortgage companies? With Chase taking over Washington Mutual and putting an end to mortgage broker relationship by doing their own retail mortgages. Will Wells Fargo do the same with their takeover of Wachovia? As the big banks/investors take over other banks and expand thei...
In today's market, a buyer has to be careful who they pick as their loan officer. It's my opinion that today's current market is uncharted waters. No person has experienced what we are today. So, self-described experts are typically far from experts. They may be extremely knowledgable but not exp...
New changes are abound in the mortgage market. Fannie Mae and Freddie Mac have mandated that any loan that is to be sold to them must have appraisals ordered by the Lender, not by a mortgage broker or realtor. This is to cut down on appraisal fraud and influence. It is important that you kow what...
There are many good reasons to buy a bank owned foreclosure as opposed to a "short sale". Buying a bank owned property is a faster process from purchase offer to closing. However, there seems to be one pitfall. The bank who owns the property are utilizing title companies who may not be from the l...

Jim Marcinkowski

local_phone(239) 936-4232
smartphone(239) 826-6400
Contact The Author
Discuss what's new in the real estate and mortgage industry