Is It Ever A Mistake To Re-Finance?
If you are contemplating a home loan refinance then carefully consider the factors int his article. You can stand to lose a great deal of money if the timing is not right. (more…)
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Make a Resolution to Pay Off Your Holiday Debt
As the New Year is just around the corner, it’s time to make your New Year’s resolution. This year, why not resolve to pay off your holiday credit card bills and gain the advantages that come from paying off your debt? (more…)
Layered Alt A Performance Down
Nonagency performance worsened considerably in 2006, Ubs said in a recent report. In general, 2006 vintage performance is significantly worse than 2003 to 2005 vintages, except for prime fixed rate loans. But credit deterioration is more pronounced for Alt A mortgages and Arms, Ubs said. (more…)
Fannie Tightens Interest Only Guidelines
Fannie Mae announced it will treat interest only as a feature rather than a product. Among the changes the secondary lender will be requiring is for interest only borrowers to be qualified at a fully indexed rate. In addition, Fannie said borrowers must also be qualified using a fully amortizing payment amount. (more…)