$8000 First Time Home Buyer Tax Credit Deadlines

The government’s First-Time Home Buyer Tax Credit program expires November 30, 2009 — a scant 60 days from today. In this video, Chris Brown provides critical milestone dates originators, Realtors and homebuyers must be aware of if they plan on taking advantage of the Federal $8000 First Time Home Buyer Tax Credit set to expire … Continue reading $8000 First Time Home Buyer Tax Credit Deadlines

Underneath The Hood of The Bailout Bill

Both the House and Senate passed the massive bailout bill this week. What caused this mess and what does it mean for everyday people like us? Take the time to listen to an interview by Brian Brady, Sean Purcell and Greg Swann addressing: "The Community Reinvestment Act (original sub-prime loans), conceived in 1977 and super-charged … Continue reading Underneath The Hood of The Bailout Bill

Did The Push To Make Every American A Homeowner Cause Fannie/Freddie Collapse?

I really hate getting partisan or political. Believe me when I tell you, BOTH Republicans and Democrats talk out both sides of their mouth. Yet today, I kept hearing Republicans blamed for the failure to regulate Fannie and Freddie properly and that's just a plain outright lie. Again, I'm not endorsing one party over the … Continue reading Did The Push To Make Every American A Homeowner Cause Fannie/Freddie Collapse?

How Investment Bankers Made Suprime Loans Into “AAA” Prime Loans

This video from CNBC via YouTube does a terrific job of illustrating how sub-prime mortgage defaults are impacting mortgage rates overall. There's some jargon in there, but overall, it's very easy to follow. ______________________________________________ Serving the mortgage needs of Kennesaw, Marietta, Roswell, Smyrna, Powder Springs, Dallas, Acworth, Woodstock, Douglasville, Hiram, Austell and Atlanta. Subscribe to … Continue reading How Investment Bankers Made Suprime Loans Into “AAA” Prime Loans

How To Refinance When My Home Is Worth Less Than I Owe On The Mortgage

With the recent drop in property values in many cities around the county combined with the large number of adjustable rate mortgages coming due some homeowners in America are in a heap of trouble. That trouble comes when they try to refinance when a house is worth less then they owe on the mortgage. Although … Continue reading How To Refinance When My Home Is Worth Less Than I Owe On The Mortgage

Greed, Fraud and Ignorance – The Food That Fueled The Subprime Meltdown

A few months ago, Richard Bitner mailed me, The Mortgage Cicerone his recently finished book, Confessions of a Subprime Lender - An Insider's Tale of Greed, Fraud and Ignorance." Truthfully, I thought it was going to be another pulp-sensationalized Housing Bubble book...boy was I wrong! The further I got into the book, the more I … Continue reading Greed, Fraud and Ignorance – The Food That Fueled The Subprime Meltdown

FHA and Down Payment Assistance – It’s Truly Gifted

If you qualify for an FHA loan to buy a home, traditionally you should be prepared to come up with 3% of final sales price in out of pocket funds to put down on the transaction. It's a requirement. You can't really get around it in on a home loan purchase. You can finance 97.75% … Continue reading FHA and Down Payment Assistance – It’s Truly Gifted