Ditech Real Life Plan
Every once in a while I’ll see a mortgage program advertised on TV and examine the product to see if it makes any sense for… Read More »Ditech Real Life Plan
Mortgage Tips
Simple guides and practical mortgage tips to help you better understand and prepare for the home loan process. Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
Countrywide Hints at Demise of Wholesale
I’ve just been informed about an e-mail sent by Countrywide to brokers today regarding the current state of affairs in the mortgage industry. The e-mail… Read More »Countrywide Hints at Demise of Wholesale
Countrywide News Dissected
Ever since the now infamous Merrill analyst Countrywide downgrade and the accompanying bankruptcy comment, the news media and bloggers throughout the nation have been going… Read More »Countrywide News Dissected
Countrywide Bankruptcy Fears
***Click here for today’s news: 1/8/08 Countrywide shares plunge on bankruptcy rumors. The inevitable happened today. Shares of Countrywide, the largest mortgage lender in the… Read More »Countrywide Bankruptcy Fears
Mortgage Brokers May Need to Dust Off Resumes
As the mortgage crisis widens, particularly with the latest news regarding limited liquidity, it makes sense to wonder if correspondent and wholesale lending will be… Read More »Mortgage Brokers May Need to Dust Off Resumes
Countrywide and WaMu Spread Liquidity Fears
Two of the largest U.S. mortgage lenders came forward today, saying difficult market conditions would likely hurt operations in the near term. Both Countrywide and… Read More »Countrywide and WaMu Spread Liquidity Fears
Stated Income Loans Going Away
I’ve heard from several sources that stated income loans, also known as “liar’s loans” may become a thing of the past as mortgage lenders continue… Read More »Stated Income Loans Going Away
More Mortgage Woes
Just what is this whole mortgage business built on anyway? Check out my newly updated list of closed lenders! HomeBanc is exiting the mortgage loan… Read More »More Mortgage Woes
Subprime Dead, Alt-A Next in Line
Now that subprime mortgage is completely blown out, many credit rating agencies are turning their attention towards Alt-A loans, which are typically reserved for borrowers… Read More »Subprime Dead, Alt-A Next in Line
New York Pledges $100 Million to SONYMA Refinance Program
The state of New York and the mortgage industry have come together to create a new program called “Keep the Dream” administered by the State… Read More »New York Pledges $100 Million to SONYMA Refinance Program