A real estate broker just asked me why AIG, an insurance company, was in trouble. Many of you might not know that one of the divisions of AIG was United Guaranty Mortgage Insurance. So they have been caught in this mortgage mess just as MGIC and PMI and other mortgage insurers.
09/16/2008
Early last week we received a notice from one of the PMI companies. Effective March 10 they will no longer insure 100% loans. So far, it is only this one company. But be aware it is out there.
03/03/2008
Many buyers (or re-financiers) go to the internet do a rate search. While this can be a good idea, a new wrinkle in interest rates changes everything. Effective in mid-January, conventional conforming rates are now "tiered". If you have a credit score of 680 or greater, you get the best rate.
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01/22/2008
http://www.cicimurphy.com The sub-prime mortgage crisis has had fall-out in the regular mortgage markets. Underwriting is changing. Products are changing. Down payment requirements are changing. Freddie Mac and Fannie Mae have eliminated "no doc" products.Gone are "No Ratio Loans"Gone are "No
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01/04/2008
A first time home buyer has many options from which to choose.In Wisconsin, you may be eligible for a WHEDA loan (Wisconsin Housing & Economic Development Authority). There are income limitations and purchase price limitations depending on the county.Conventional financing offers No Money Down o
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09/27/2007
Most first-time home buyers are ovewhelmed with the prospect of purchasing their first home. They aren't too sure where or how to begin. Get your questions answered and get a firm plan of 'what to do next' from CiCi Murphy on Tuesday and Thursday afternoons at 3PM. Call for directions. (262)75
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09/19/2007
