In a report released yesterday by Capital Economics analysts reported that the average loan amount lenders issued to borrowers in […]
Category: Lending
Understanding your FICO score
Thank you to Lisa Fleck of Summit Funding for providing this informative piece explaining the components of one’s credit score […]
Prospective FHA borrowers, you have one month remaining…
…before the higher mortgage insurance premiums kick in. I’ve been alerted by multiple lenders this week regarding the new FHA […]
Cash is King – more than ever
More properties were purchased for cash in 2011 than in any previous year. Of the 7,233 MLS-reported sales (all property […]
How low can they go? …Interest rates that is
Just received this telling (and colorful) chart from one of my colleagues in the lending arena. The chart show average […]
Fed to keep rates low, and other news items
Lots of news impacting the real estate industry this week… The Federal Reserve announced that they expect to keep short-term […]
Home loan costs to increase
[Ed. Note — I received the email below from one of my colleagues in the lending arena; Lisa Fleck of […]
Did house flippers cause the recession?
A new report from the Federal Reserve Bank of New York shows that house flipping played a larger role in […]
