Archive for June 13, 2011

QRM: The Potential Cost To A Purchaser

The Quality Residential Mortgage (QRM), a proposal by the government to tighten lending standards, has initiated quite a debate. The government feels strongly that standards must be raised while others have debated that the new guidelines are a...

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Home Prices: Even More Confusion….

We attempt to keep you abreast of the housing market. When will demand for housing return to historic averages? What impact will foreclosures continue to have? Where are interest rates headed? There are no simple answers to any of these questio...

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Does Your Lender Want To Say YES?!

As people go through the mortgage process today, I believe that they wonder if their lender has gone insane. Lenders ask for documentation repeatedly, constantly updating, asking for further clarification and explanation for everything. Income,...

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What About The Cost Of Delaying Your Dreams?

Whether a family is thinking of buying or selling a home, price seems to have become all important. I™m not sure why that has occurred. I realize, whenever anyone sells or buys anything, making sure you get a ˜good deal™ is a crucial part ...

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Are Home Prices Headed Up Or Down?

Here are two headlines that appeared in print last week:LA Times: Case-Shiller Home Price Index Hits New Low  Forex: CoreLogic: Home Price Index Increased 0.7%In the Los Angeles Times story, David Blitzer, chairman of the S&P index committ...

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What Impact Will QRM Have On Housing Demand?

The federal government would like to dramatically decrease their role in the financing of residential real estate. To that goal, they have proposed the guidelines for a ˜Qualified Residential Mortgage™ (QRM). How would these proposed guideli...

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Should You Rent Or Buy In This Market?

Families are trying to determine whether or not now is the time to buy a home. Some are advising these families to sit out the current real estate market and instead rent for the next year or two. We do not agree with this advice. Homeownership...

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