The End of the Subprime IndustryIn late 2006, as real estate values continued to fall, the subprime lenders that made it possible for these borrowers to own homes begin to shut down. Within a period of 90 days between December of 2006 and March of 2007 the entire subprime industry as we knew it, vanished. […]

Book review: Your Successful Career as a Mortgage Broker By David Reed, Amacom: American Management Association, 1601 Broadway, New York, NY 10019, ISBN 0814473709 , 978-0814473702 , $18.95, 240 Pages, 2007David Reed’s newest mortgage title; Your Successful Career as a Mortgage Broker rounds out a successful on-going mortgage banking career and his previous three […]

Recently I was contacted by a mortgage professional about a new program that claims The average MMA customer will pay their 30-year mortgage off 100% within 8 to 11 years with little change to their day-to-day spending habits and without increasing their monthly mortgage payments. I ve now received a couple of messages regarding […]

Today is the day of the internet. You can meet anyone in the world, perform various transactions and yes, even apply for a home mortgage all via the internet. The banking and real estate industries are no exception, when it comes to a majority of their customers depending less and less on face to face […]

One of the main requirements on selling mortgage notes is that you are in fact the holder of the debt instrument and are legally allowed to sell it. Other than that, it is just a matter of getting all of your paperwork in order and finding a reputable, experienced note buyer who can purchase […]

If you could start your mortgage career over…knowing what you know today…would you do anything different this time around?Interesting question isn’t it? Obviously, you can’t turn back the clock, but you can move forward with what you’ve learned plus the following advice touted by other mortgage professionals.1. You’re in business for yourself.It may have become […]

Houston Fannie Mae mortgages are a good choice for many financing needs. Fannie Mae is a private company that was created to insure a good supply of mortgage funds. Recent changes in the mortgage industry may result in more importance for the programs Fannie Mae offers.The first change is for the sub-prime mortgage market. For […]

A second mortgage is the second loan secured against your home. This is not a very good idea to have two big loans secured against your home. If your financial circumstances had to change and you were no longer able to pay off these loans you could lose your home to the lenders. […]

A second mortgage is the second loan secured against your home. This is not a very good idea to have two big loans secured against your home. If your financial circumstances had to change and you were no longer able to pay off these loans you could lose your home to the lenders. […]

Second mortgages are a great way to start investing in real estate because they will have lower down payment requirements for:A commercial second mortgage, which is usually obtained from a mortgage company instead of a bank can be used for investing in real estate or financing part of a primary residence.A second mortgage, because it […]