As conventional loan applications drop over 50% from the year to date it’s also clear that borrowers are RUNNING towards FHA mortgages as they seek to refinance out of costly adjustable-rate mortgages or take out purchase loans with low down payments. The Mortgage Bankers Association says applications for government-insured loans were up 133.9 percent in [...]

Everyone Is Finally Making The Switch From Toxic SubPrime to FHA!If I didn’t say it earlier I’ll say it now, I told you so! Okay, maybe I didn’t, but it’s obvious that FHA is the way to home financing you deserve and I think that as informed consumers you’d appreciate the news I’m about to [...]

Ginnie Mae (The Government National Mortgage Association and issuer of FHA Mortgages), which happens to be the only issuer of mortgage backed securities explicitly backed by the U.S. government, has issued more of their fixed-rate bonds this month than Freddie Mac AND Fannie Mae, showing us where the housing market has gone this year! According [...]

The Benefits of FHA Insured Mortgage Programs We’ve all heard the popular saying “in a perfect world”, well in a perfect mortgage world a mortgage banker would be able to lend a borrower the money they need for a home and would be able to take care of the customer even if their credit [...]

Once upon a time a bank wouldn’t loan money to a borrower unless the borrower didn’t need it, and while I don’t know what happened to those times, they certainly don’t exist anymore. I must say, “it’s been an interesting journey” to observe my fellow mortgage professionals putting their careers and the well being of [...]