Mortgage Blog

Is FHA going to provide an Answer
August 31st, 2007 7:44 PM
Current talk on the street is that President Bush is going to push for some reforms to the current FHA insured loan programs that may help current mortgage holders that are faced with ARM's that are adjusting out of there monetary reach.  What this could mean is through a FHA insured program borrowers that cannot meet the new rates/payments on their mortgage could have some relief. This may or maynot provide a partial solution to the rising foreclosure rate.  As the facts develop, I will keep you informed.
Posted by Rod Cameron on August 31st, 2007 7:44 PMPost a Comment (0)

The Changing Lender Marketplace
August 5th, 2007 7:54 AM

Here in Colorado and nationwide the lending playing field is changing daily.  More and more lenders are changing their guidelines and programs that they offer.  A book could be written about all the changes over the last 2 months. More lenders are dropping out of the market.

Having said this, I am optimistic there are still a lot of opportunities for home buyers and home owners to refinance and purchase.  If you are contemplating a purchase or refinance, now is the time to get with your mortgage broker and look at the options available.  More so, if you have a challenging situation whether it be credit or home value, now is the time to ask questions and find the right mortgage solution for your needs.

Posted by Rod Cameron on August 5th, 2007 7:54 AMPost a Comment (0)
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