Monthly Archives: March 2014

More Mortgage Regulation This Time Appraisal Mgmt Companies

Posted ago by Cary Cox

ShareA few years back regulators crushed the appraiser that had spent years developing working relationships with mortgage brokers when they implemented the Appraisal Management Company in which all mortgage originators must order their appraisals. Instead of putting the Too Big …

Housing Improving But Not All the Way Back

Posted ago by Cary Cox

ShareThe mortgage melt-down of 2008 is now six years behind us. It was estimated it would take anywhere from ten to 15 years for the housing industry to recover. So far it looks like those estimates will be accurate. If …

A Non-Qualified Residential Mortgage is NOT a Sub-Prime Mortgage

Posted ago by Cary Cox

ShareWe are starting to see the birth of the Non-Qualified Residential Mortgage and it’s important to know these are NOT Sub-Prime loans from the past. The Non QRM (Qualified Residential Mortgage) is just a non-traditionla way to look at income, …

Most Recent Houston Home Sale Data

Posted ago by Cary Cox

ShareAs a member of the Houston Asscociation of Realtors we get monthly home sale data. Here is how February home sales eneded. Houston continues to boom, too bad those in Washington DC don’t “get it”. Despite the lowest supply of …

Is Now The Time for a Home-Equity Mortgage?

Posted ago by Cary Cox

ShareWith the rising stock market overall networth is up, unfortunatley most Americans are not participating in the markets. One place that at least 65% of the people in America that own a home are getting some added net worth is …

New National Mortgage & Housing Bubble?

Posted ago by Cary Cox

ShareAs home prices continue to rise the word “Bubble” is sure to creep in to the picutre. There is a great article by Mark Hanson published on ZeroHedge.com that looks at a National Housing Bubble. While I agree with a …

Houston Mortgage & Finance News

Posted ago by Cary Cox

ShareIt’s a light mortgage news week. We only have a few third tier financial reports being released this week. Mortgage-Backed Securities are hovering between a narrow range of support and resistnce. It will be interesting to see which way mortgage …

The Importance of Your Credit Report for Mortgage Application

Posted ago by Cary Cox

ShareWhen applying for a mortgage there are many things that affect your ability to obtain the mortgage loan such as income, assets, down-payment, job history, and finally the credit report. Many of these items you have little or limited control …

Mortgage News Update 03/06/2014

Posted ago by Cary Cox

ShareLots of world events happening that are effecting mortgage rates. In addition there are several items in the domestic economy that are causing lots of volatility in mortgage rates. In this post we like to share some mortgage news as …