Stress is being put on the mortgage market by loans that are insured by FHA. The rest of the mortgage market is finally stabilizing, except for the Federal Housing Administration who’s mortgage delinquencies are up 26.6% We can help mortgage professionals move away from FHA. Click here to learn more.
Jeffrey Day, the USPS Manager of Retail Operations, testified before the Postal Regulatory Commission last week. Day was the only witness for the Post Office Structure Plan, he was there to be cross-examined about the details in the plan to reduce hours at 13,000 post offices. Read all about the POStPlan and Jeffrey Day’s testimony here
The Home Affordable Refinance Program (HARP) is rumored to expand once again! HARP 2 was designed to remove financial hurdles. The HARP 3 program, also known as #MyRefi, is said to have all the same requirement as HARP 2, excluding the requirement of being backed by Fannie Mar or Freddie Mac. Millions of homeowners in…
Unexpected lowered gas prices, along with a surge of interest in the new car models have caused sales to exceed expectations for this year. Low interest rates, promotions and price incentives are all encouraging buyers to purchase new vehicles. The annual sales rate in the United States has increased 22 percent and is now on…
