In the midst of another mini-refinance boom (thanks to the Greek government — again), Fannie Mae and Freddie Mac have announced that they have extended their Home Affordable Refinance Program through the end of 2013. Those good souls at the ...

Tagged with: Banks borrow fannie mae freddie mac housing lender loans mortgages Real Estate refinance Robert Nusgart

Amid all off the hoopla about falling mortgage interest rates that has spawned another refinance boom for homeowners comes news that two of the nation’s largest lenders are backing away from the mortgage industry. This month, Bank of America announced ...

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The Federal Reserve spoke. The markets listened. And mortgage rates took another nosedive. Yes, mortgage rates have moved to another low point after the Fed on Wednesday basically said that the tough economic times are going to stick around for ...

Tagged with: equity federal reserve fha freddie mac lenders mortgages Robert Nusgart

Amazing. Just amazing. The last week in the mortgage industry has been a series of wild swings of ups and downs that has culminated in a furious wave of phone calls and emails to borrowers and homeowners to get them ...

Tagged with: bank fannie mae Financing freddie mac housing interest rates loan market Mortgage Bankers Association mortgage industry mortgages rates Real Estate Recession Robert Nusgart s&p

If you like to gamble, then this was a week especially made for you. With the debt ceiling debate being batted forth from the House of Representative to the Senate, the financial markets have been in a tizzy. Typically, when ...

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Finally, they might be getting it right. As a part of the sweeping changes to the mortgage industry, the federal government about two years ago stepped in and decided to redesign the good-faith estimate form that all lenders are required ...

Tagged with: disclosure federal government hud mortgage mortgage industry Real Estate Robert Nusgart

One point. That’s all that it took on this borrower’s credit score to go from having an approved loan to having no loan at all. Twenty years ago if someone would have asked you what your FICO score was, you ...

Tagged with: credit score debt fannie mae fha freddie mac loans mortgage Robert Nusgart

This week we learned that mortgage rates are moving lower, housing prices nationally are moving lower and FHA loan limits are gearing to move lower. So all mixed together, what does it mean as we head into summer? Obviously, low ...

Tagged with: fannie mae fha foreclosure freddie mac homes housing interest loan market mortgages prices Real Estate Robert Nusgart

If you’re shopping for a new mortgage, it may be the best time ever to get your best deal because not only is competition among lenders heating up, competition among loan officers are doing likewise. The reason for this is ...

Tagged with: credit deal mortgage Real Estate Robert Nusgart

If you’re in the market for an FHA government insured loan, there are only hours left before a hike in the annual mortgage insurance premium charged by the agency goes into effect April 18. For loan officers and lenders who ...

Tagged with: fha housing loans mortgage Real Estate Recession Robert Nusgart