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  • FHA Announces Increase to Annual Mortgage Insurance Premium

    From a recent announcement by the Cincinnati Area Board of Realtors we get some confirmation that loans are going to start costing more money. It's a big increase when you see what it does to your monthly payments From CABR:HUD Mortgagee Letter 11-10 includes an announcement from FHA regarding an increase to the Annual Mortgage ...
    Posted to Chris Wood (Weblog) by 587686 on March 9, 2011
  • Why did I have to Pay for My FREE Credit Report?

    I was listening to the Today Show, on NBC, this morning and I overheard a conversation about how low the mortgage rates are and what banks are requiring to obtain those low rates.  It's true, rates are historically low...we're talking biblical times here!  However, not everyone qualifies for that advertised rate.  To get the ...
    Posted to Chris Wood (Weblog) by 587686 on October 29, 2010
  • Why foreclosure is more Profitable for banks than a Loan Modification

    This is perhaps one of the best posts on banks and why they sometimes behave the way they do.  Why sometimes, it can be far more profitable for a bank to foreclose, rather than complete a loan modification.  I wouldn't normally link back - but this article by Patrick Pulatie of Loan Fraud Investigations, is nothing short of ...
    Posted to Chris Wood (Weblog) by 587686 on February 11, 2010