Stated income loans were mortgage loans made to borrowers without proving their income sources. They were largely removed from circulation after the 2007 mortgage meltdown. After that, loans made without income and sometimes...
Breaking news folks !!!! I am happy to inform you that the House of Representatives just voted to give first-time homebuyers three more months to close on their purchases and land an $8,000 federal income tax credit. But the...
Santa Rosa, CA, June 23, 2010 -- This deterioration has fired up those calling for a double dip in the economy. If housing is slipping back into the mud, they contend, so will everything else until another shot of...
Over the last year a number of analysts have predicted the Fed would raise the Fed Funds rate "soon". They have all been wrong.The Fed's mission is to conduct "monetary policy by influencing the monetary and credit...
Santa Rosa, CA, June 09, 2010 -- The California Senate approved a new foreclosure bill last week with a 21 to 12 vote and sent it on to the Assembly for review. The legislation lays out two major provisions intended to deter...
Wow this is breaking news !!! A judge stops Foreclosures in the State of Utah - Some good news if you happen to have a Bank of America owned mortgage and live in the state of Utah. A St. George judge has temporarily put a...
After a series of failed attempts at helping homeowners in foreclosure, California lawmakers are now proposing a state-mandated mortgage mediation program. Will this provide needed relief to distressed borrowers or just throw...
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls data from the month prior. It's a mortgage market mover and today is proving the point. How Jobs Data Changes RatesThe...
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