Interest Rate and Market Update
The mortgage bond market got pummeled yesterday and we got multiple interest rate increases. From yesterday morning to this morning, interest rates went up by a full quarter percent (.25%), which is a significant day-over-day increase. From Thursday of last week, they...Obama’s Making Home Affordable Plan: The Most Recent Details
There are two sub-plans to The Homeowner Affordability and Stability Plan. The first provides homeowners who lack sufficient equity the ability to refinance their loans. The second helps homeowners who have fallen behind on their mortgage payments the ability to...Homeowner Affordability and Stability Plan: FAQs
Part of Obama’s attempt to stabilize our housing market is the Homeowner Affordability and Stability Plan. There are two initiatives that are included within this plan. One is for homeowners that have between an 80% and 105% Loan-to-Value ratio in their home...2009 Loan Limits Set to Increase
Many of you know that the high balance conforming loan limit decreased from $729,750 to $625,500 in January 2009. This has hurt many people whose loans fall into that bracket. But there is good news! The House and Senate passed the American Recovery and...UPDATE: 2009 Appraisal Requirements: The Home Valuation Code of Conduct
I wrote a blog post on this subject in September. To get a better understanding of its foundation, see my previous post: http://loansbyireneblog.com/2008/09/02/for-better-or-for-worse-new-appraisal-process-come-january-2009/ Essentially, the Home Valuation Code of...Loan Calculator
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