What is a “Conforming Mortgage Loan”?

When you work in the Mortgage Business sometimes you need to step back and realize that we may be speaking a foreign language to our clients. I mean there are so many terms if I walked into a computer company and someone said they write in Java I would ask how do you write with [...]

Paraphrasing today’s Fed decision on interest rates:

For the second consecutive meeting, the Fed Funds Rate unchanged at 2.000 percent.
The key comment — which also appeared in its June statement — is below:
Over time, the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth.
Translated, it reads:
Rate and policy changes we made [...]

New hope for Nehemiah Down Payment Assistance-

Last Thursday new hope was brought forward by Congress in the form of HR6694. This bill will would reauthorize and reform seller funded down payment assistance programs (Nehemiah & Ameridream, etc).  The reform will require credit score minimums and more transparency on the part of the providers. Also in the current bill, language that allows [...]