In late 2006 the economy was showing indicators that pointed to a looming mortgage crisis that would ultimately disrupt the flow of business in the secondary market Investors, who are essential to the flow of money, basically ignored the warning signs but began trading more cautiously

Many people believe that the best mortgage deals are no longer available for the average consumer that is shopping for a mortgage in today’s economy That may be true if you cannot prove your income or have had a bankruptcy in the last two years

Unnecessary closing costs are charged to unsuspecting borrowers on almost all mortgages that close Closing costs can be broken into three general categories, costs that the lender charges, costs that third parties charge and money that is paid on your behalf i

There are many techniques to negotiating a new home purchase Almost everyone has their own brand and approach to negotiating, as evidenced by the dozens of books written on the subject

Slowing foreclosures have given a spark of optimism to investors on Wall Street who see the trend beginning to slow down For the last year the foreclosure rate has steadily risen month by month over the previous year’s month of foreclosures causing speculation of a continued trend in homeowner foreclosure rates

As the baby-boomers prepare for retirement reverse mortgages are going to be the next mortgage boom according to most analyst The baby boom began in 1946 and continued through 1964

It’s an epidemic that hasn’t been seen since the great depression; houses are being foreclosed at three times the normal rate in some counties across America As a result of this sudden rise in foreclosures a new type of business has sprung up within the real estate market called the “short sell

Everyone by now is aware of the looming mortgage crisis and has probably added their two cents as to its cause and effect on the financial world Having been in the mortgage business a little over ten years I have read most of the press that is covering this historic event in America and I thought I would chime in as well