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There are many misconceptions in the mortgage world but no other is more apparent than the 1st Time Buyer myth for FHA loans. The typical response to an FHA loan offer, "Aren't those only for first-time buyers?". The...

One of the overlooked changes that will affect all FHA borrowers, and will Annual Percentage Ratemake things even more challenging in the future, as loan officers have to explain to the borrower why their APR is so much...

Spring Brings Sales - In Foreclosures - V This week we find a drop down to only seven (7) foreclosures in the legal notices of the local paper (TNT). This is down from last week's total of sixteen. What is interesting...

Maria Wells said she never intended to be a landlord. She sells real estate; she doesn't invest in it. Now the Florida resident owns two properties. One was her son's, but he had to move to take a new job. The other...

By James Brooks Friday's bond market has opened in positive territory despite stronger than expected economic news. The stock markets are helping to keep bonds in positive ground with early losses. The Dow is currently...

Markets started quietly this morning ahead of the coming three day weekend. At 8:30 April durable goods orders were better than estimates, +3.3% against +1.2% expected; ex the volatile transportation orders durables increased...

Friday - May 24 2013, 12:00pm ET Current trend Direction: Attempting to stabilize Advise your Clients: Floating but carefully Current Price of FNMA 3.0% Bond: $101.56, -13bp After a week of ramped up volatility, the markets...