AH-CHOOOO!
Posted on July 12th, 2011
Tulle netting gets a very particular sort of smell to it when it gets too dusty and needs to be washed. This room is like a giant pink sneeze waiting to happen.
Mortgage rates climb on international reaction to Fed news
Posted on July 12th, 2011
While President Obama concluded his Asian trip with the G20 economic summit in Seoul, South Korea, mortgage rates climbed at home. Proving the connectivity of the global economy, foreign leaders banded together to express their displeasure with last week’s Fed announcement. How does this impact you? In the short term you’ll need to use higher rates in your mortgage calculator equations. Here is a brief synopsis of economic news that impacted housing and mortgage markets this week.
Freddie Mac mortgage survey touches low
Every week since 1971, the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, has conducted its Primary Mortgage Market Survey and published the results weekly. The
Tags: Climb, Mortgage Rates, Mortgage Rates Climb, Rates Climb
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MN Government Shutdown Means Fewer Real Estate Agents
Posted on July 11th, 2011
Of the many things that are affected by the Minnesota Government Shutdown is a majority of the Department of Commerce. The Department of Commerce does things like well, regulate commerce. With it largely shut down, investigations and enforcement are hampered and any businesses that rely on licensing cannot make changes or additions until the doors open back up.
Real Estate Agents in Minnesota are required to be licensed and get re-licensed every 2 years by filing a renewal and completing 30 hours of continuing education. Licenses expire on June 30th and quite a few agents did not complete their renewals timely. Usually this just means a small penalty and a couple days of hassle. Th
WestSide Bank Mortgage Review
Posted on July 11th, 2011
WestSide Bank is located in Hiram, Georgia with an additional office in Mableton, Georgia. In addition to providing retail banking services they also provide mortgage loans.
According to Federal Deposit Insurance Corporation data, WestSide Bank originated almost $8.6 million in mortgage loans in 2009.
They are exempt from licensing because they are a bank.
WestSide Bank Contact Information
WestSide Bank Website Review
Reviewed by The Mortgage Insider on July 12, 2011.
The WestSide Bank mortgage website gives you a couple of paragraphs about what type of loans they originate.
Tags: Mortgage, Westside Bank
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Fannie Mae guideline changes will impact debt consolidation mortgages
Posted on July 11th, 2011
In what has become an annual event, on Dec. 12, 2010 Fannie Mae will release “Fannie Mae 8.2″ which will alter underwriting guidelines for its residential mortgages. In Fannie’s release of “Fannie Mae 8.0″ on Dec. 11, 2009 major guideline changes impacted mortgage applicants with changes to required credit scores, loan level pricing adjustments, loan to values and debt to income ratios. In the release notes for Fannie Mae 8.2 one of the most significant changes affects how debt is calculated in qualifying.
If you have been using a mortgage payment calculator or refinance calculator to determine your monthly savings with a mortgage refinance to consolidate your debt you may wish to submit your mortgage application well in advance of the changes effective Dec. 12.
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Tags: Fannie Mae, Mortgages
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