News & Current Events
This section of our website will be dedicated to keeping you informed on what’s going on in our world. Whenever the mortgage industry is affected, it affects anyone and everyone that is a homeowner. If you ever would like some explanation on anything you read, don’t hesitate to call one of our loan consultants.
The state is ranked seventh in the nation for personal income, which grew by 2.5 percent in first-quarter 2011 and 1.5 percent in second-quarter '11. After a dip in 2009, per capita personal income rebounded to $38,084 in 2010. With crop values high this past year, farming made a significant contribution to the increase in personal income growth, according to the Bureau of Economic Analysis.
NAMB Takes Exception to Presidential Put-Down
An offhand, deleterious comment about mortgage brokers by President Obama has raised the ire of the National Association of Mortgage Brokers – and brought a strong rebuke from trade group president Donald Frommeyer.
Fed to keep rates near zero through mid-2013
The Federal Reserve says today that it will keep rates near zero through mid-2013. In the past, the Fed has said only that it would keep it low for "an extended period."
CNN Money: Mortgage rates plunge, flirting with new lows
As Congress and President Obama hammered out a debt deal over the past week, mortgage rates plunged -- hitting new lows in some instances.
Financial reform bill 101: What it means for a new mortgage
One of the most sweeping changes in the proposed financial reform bill is the creation of a new consumer watchdog for financial products.
HVCC: The Cure Is Worse Than The Disease
By now, you've probably heard a lot about the Home Valuation Code of Conduct (HVCC), which sprang out of a March 3rd agreement reached between the Attorney General of New York (Andrew Cuomo), the OFHEO, and Fannie Mae and Freddie Mac.
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Mortgage insurance can be troubled borrower's best friend
Remember that extra money you had to lay out for private mortgage insurance when you closed on your mortgage?
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Couple sentenced for false statements
A Mason City couple has been sentenced to time in federal prison for making false statements to influence a bank's decision on a mortgage.
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