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Sub-Prime Mortgage Lenders Account For Over Half Of UK Repossessions
16 Jun 2008 Over half of the UK’s repossession orders are being brought by sub-prime lenders, according to a BBC report. These lenders cater for borrowers with poor credit histories and account for only 6% of the total mortgage market.
FHA Raises the Roof - New Loan Limits For Home Buyers
10 Jun 2008 You see, previously, FHA loans in the Knoxville and surrounding area were limited to $200,160 for the note amount. If you wanted to buy a $210,000 home, you had to pay the difference out of your own pocket.
June 2008 Mortgage Licensing Update
08 Jun 2008 The activity in the states continues to rise. Numerous states are considering legislation to curb the foreclosure crisis. Nothing of course can stop it at this point, but the states seem to feel that increased regulation of mortgage companies will at least help the situation. Mortgage Licensing is one of the hotly debated topics in […]
The Blame Game
02 May 2008 It wasn’t too long ago, that as a Mortgage Broker, I was the life of the party. Everyone wanted an opportunity to discuss real estate and mortgages with me. It didn’t matter that I was also well versed in other areas and could easily hang in political or sports related conversations. It was the Lending […] |