JP Marzano's (themortgagecall) Blog

Good afternoon, Anyone ready for the weekend? Hopefully it warms up a little, I had to pull out my winter coat yesterday! It's not surprise that the turmoil in Europe continues. Occupy Wall Street is getting more serious by the day. MF Global imploded and could shake up the markets considerably. ...

HARP 2.0 guidelines have been defined. We'll see if the banks include as many "overlays" as they did for version 1. Let's hope not. All told, this program should allow many more people to refinance. And the best news is that I can take care of it regardless of your current lender. If you are tryi...

For potential home buyers! A great article that breaks down some figures on how much down payment you can/should put down when purchasing. Cliff notes: VA loans require a minimum of $0 down. FHA loans require 3.5% minimum. Conventional can do 5% but you're much safer with 10% because of the mortg...

Good afternoon... Banks are closed today (as you probably know) to celebrate Veteran's Day. I'd like to say thank you to all vets for your service, courage, and sacrifice, today and every day. It's been a turbulent week in the markets, with the Dow taking some big swings on the pendulum. But as f...

I thought this clip from Jay Leno was pretty funny. A great way to package up the new HARP 2.0 program into a few seconds... Leno's "Video Metaphor" for the Federal Mortgage Relief Plan:  http://www.youtube.com/watch?v=IndjjvA3C6c) On a serious note, my thoughts and prayers go out to all veterans...

Good day to everyone... We've been lucky with this weather but I have a feeling it'll change 180 degrees by the end of the week! Ahhh...Chicago. On today's agenda: Economic News, Housing News, Rates  - This week starts off with stocks down in negative territory as the     worry in Wall Street ove...

Good morning, I hope it's been a good week for everyone. It certainly has been in interesting one in world economics. Stocks have been all across the board, mostly with gains though, and the bond markets are holding steady. The news out of Europe is unsettling to investors, and with no conclusion...

The Senate is now probing the GSE's (Fannie and Freddie) on the bonuses given to the executives at these agencies. It's been reported that 10 executives are scheduled to receive more than $12 million in combined bonuses. I read this about an hour ago and I'm still laughing... One of the biggest r...

The Federal Open Market Committee announced today that they will keep the fed funds rate near zero. They also speculated that the economy will see modest growth in the next few quarters. I'm not sure how this could be, though. Housing is still very depressed, the global markets are obviously stra...

Good morning and Happy Halloween! This is my favorite holiday of the year (except for my birthday, and Christmas, of course) and I will spare you of pictures of me dressed up as John McEnroe circa 1980...although I did get lots of compliments the other night. On today's agenda:  Market News, Loca...