http://express-home-mortgage.com/blog Mortgage Guy Stuff, Finance, Current Events Wed, 02 Apr 2008 15:26:18 +0000 http://backend.userland.com/rss092 en I find it troubling that regulators seek to bury wholesale origination (brokers) in new regulation while retail origination is being painted as the good guy in the mortgage meltdown. The only difference between wholesale origination and retail origination is the lobbying power of the latter dwarfs that of the ... http://express-home-mortgage.com/blog/2008/04/02/citigroup-defrauding-its-mortgage-clients/ Congress would like the prudent to pay for the misdeeds of the irresponsible. Of course the cost will show up in your tax bill or the ever shrinking buying power of our dollar. Enough is enough. Say now or pay later. Visit this website dedicated to ... http://express-home-mortgage.com/blog/2008/04/01/stop-the-bailout-or-well-pay-dearly/ The long awaited details on the expanded loan limits for Fannie Mae and Freddie Mac are now becoming available. Here is the latest information we have on the new jumbo loan guidelines for counties located in Connecticut. While the limits have been approved and the matrices released, FNMA's Desktop Underwriter ... http://express-home-mortgage.com/blog/2008/03/14/new-jumbo-conforming-loan-limits-for-connecticut/ I think we may have seen the best of mortgage interest rates for the foreseeable future. It's very possible that we have already visited this year's lows on fixed rate mortgages. Keep in mind of late, the foreseeable future is about as far away as tomorrow. Normally ... http://express-home-mortgage.com/blog/2008/03/07/have-we-seen-the-best-of-mortgage-rates-of-times/ The credit bureaus, Trans Union, Experian and Equifax, sell a certain kind of data called trigger data. When a borrower applies for a mortgage, a credit report is ordered for the sake of qualifying and underwriting the loan. Naturally, your credit report request is directed to the credit ... http://express-home-mortgage.com/blog/2008/03/05/credit-bureaus-release-the-hounds-on-mortgage-applicants/ In December of last year, I posted on Hillary Clinton's views of the mortgage meltdown. So it was with great interest that I read Moe's post on Barack Obama and the mortgage crisis. In fact, I liked it so much that I asked permission to cross post it ... http://express-home-mortgage.com/blog/2008/03/03/obama-on-mortgage-crisis-hypocrite-or-ignorant-you-decide/ Every time I sit down to write a post, more significant news on the economy is breaking. Events are unfolding rather rapidly and it's been difficult to focus on any one event, as they are all related. So in this post, I will post links to stories that ... http://express-home-mortgage.com/blog/2008/02/27/update-the-recession-of-2008/ Here is a video of the current state of mortgage originators around the nation. Enjoy... glumbert - Bad Day at the Office http://express-home-mortgage.com/blog/2008/02/20/the-current-state-of-mortgage-originators/ Since the Federal Reserve cut the Fed Funds rate by .50% on January 30, mortgage rates are up at least .75% on the thirty year fixed rate mortgage. For example, our 30 year fixed rate, no closing cost loan offering bottomed out at 5.75% APR just before Bernanke and ... http://express-home-mortgage.com/blog/2008/02/19/fed-cuts-rate-and-mortgage-rates-rise/ For months the Mortgage Guy has been fighting the flawed perception that those most culpable for the mortgage meltdown are the buyers, realtors and mortgage originators. Conventional wisdom would have you believe they are most and directly responsible for the real estate meltdown and the mortgage crisis. My contention is ... http://express-home-mortgage.com/blog/2008/02/14/finally-the-real-criminals-are-being-targeted/