You can sign up today to receive free credit monitoring services from the credit bureau TransUnion due to a settlement the company reached on a class-action lawsuit. There is no trick, no fees, no requests for money or credit card. You merely go to the Privacy Action Website and decide if you would like to [...]

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According to the Associated Press, Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months, as rates continue to decline following the government’s dramatic takeover of mortgage giants Fannie Mae and Freddie Mac. This was the fifth consecutive mortgage rate decline. So, applications are up. But, that does [...]

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According to the Associated Press, The Treasury Department asked Congress to give it sweeping power to buy up toxic debt that has unhinged Wall Street. President Bush authorized Treasury to tap up to $50 billion from a Depression-era fund to insure the holdings of eligible money market mutual funds. “This staves off Judgment Day,” said [...]

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According to Forbes,  Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months, as rates continue to decline following the government’s dramatic takeover of mortgage giants Fannie Mae and Freddie Mac. So, why is my phone not ringing? Why am I not busy as a beaver doing closings? [...]

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There has been a lot of buzz lately about E-signings, since Amtrust prefers this method of borrowers signing. Basically, in their model the note, TIL, and a few other critical documents are signed electronically by the borrowers, which allows them to more rapidly process loans on the secondary market. The majority of the package is [...]

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On July 30, 2008, George W. Bush signed into law the Housing Assistance Act of 2008. Many think that this bill only deals with mortgage bailouts, but it is more expansive than that, and may actually affect many of you. Here are some of the key points (that do not include corporation givebacks—just the individual [...]

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As more and more people lose their jobs as a result of a sagging economy (which we are not yet calling a recession!)….Alt-A and prime borrowers are now starting to move behind in their mortgages according to the New York Times . Homeowners with good credit are falling behind on their payments in growing numbers, [...]

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