The media has been having a field day touting the subprime mortgage crisis and how the effects are starting to spread. Up to this point, the fallout has been limited to a) a dramatic reduction in the ability of low credit folks to borrow money against a home, b) large amounts of money lost by […]

Back in March I commented on the growing issues with the subprime mortgage sector and how it may affect quarterlifers.  Well, we are seeing “round two” of the meltdown hitting Wall Street as we speak.  Major market indices have shed some serious ground over the last week or two.  Why?
In order to understand what is […]

Chances are that when you are ready to buy a home, you will need to obtain a mortgage and that you will utilize the services of a mortgage broker.  Unfortunately, most folks are woefully under prepared and/or misinformed about what a broker does and how to obtain the best loan.  So here are a few […]

The media has touted the troubles facing subprime mortgage lenders over the last few days, and with good reason.  Simply pull a stock quote for Accredited Home Lenders or New Century and you can see the havoc that risky lending and high default rates have wreaked on these once-proud businesses. 
However, what the media has not fully […]

Earlier this month, the 109th Congress passed a bill allowing many American homeowners to write private and government mortgage insurance off of their income taxes starting in 2007.  The new deduction helps reduce the barriers to home-ownership for many first-time and/or low-income homebuyers….making this new deduction a special gift to young Americans!
What does all this mean?  […]

Your personal information is not private. In fact, nearly all of your financial information is up for sale. Your name, your address, phone numbers, email addresses, mortgage balances, credit scores, maiden name, previous addresses, lenders you have applied for credit from - all this information is readily available on the open market, for the right […]

Recently, there has been a lot of talk in the media and blogosphere relating to the large number of people in trouble with their mortgages.  BusinessWeek recently published a very biased article on the woes of homeowners who took zero-down mortgages entitled Nightmare Mortgages (read the National Association of Mortgage Brokers’ response here), Housing Panic […]