Mark Bigelow's Blog

The Housing and Economic Recovery Act of 2008 is Signed into Law   Key Highlights of the Housing and Economic Recovery Act ·         Effective Jan. 1, 2009, higher permanent loan limits for conventional conforming and FHA; limits to increase to a maximum amount or ceiling of $625,500, depending o...

 The FHA Modernization Bill was touted as way to help more borrowers and increase loan limits in areas that larger loan sizes are needed.  The Law does much more than that.  This law now allows HUD the ability to risk base price and adjust the MIP (mortgage insurance premium) to accommodate that ...

Am I a Fireman Yet?? In Phoenix , Arizona , a 26-year-old mother stared  down at her 6 year old son, who was dying of terminal leukemia.   Although her heart was filled with sadness, she also had a strong  feeling of determination. Like any parent, she wanted her son to  grow up & Fulfill all his...

The price of credit scores just went up.  Last week, Fannie Mae implemented risk based pricing.  The FHA Modernization Bill has components of risk based pricing.  What is "risk based pricing?" In a nut shell it's another tightening of mortgage products.  It makes mortgage rates for people with lo...

The price of credit scores just went up.  Last week, Fannie Mae implemented risk based pricing.  The FHA Modernization Bill has components of risk based pricing.  What is "risk based pricing?" In a nut shell it's another tightening of mortgage products.  It makes mortgage rates for people with lo...

I walked in to Starbucks today to grab my morning Joe, holiday decorations are going up.  Strangely, it was snowing, the big flakes but not sticking to the ground.  Wait a minute, last week was Halloween.  Walmart is already having toy sales that are lower than the day after Thanksgiving.   What ...

HR 3915Congressman Miller, Congressman Watt, and Chairman Frank introduced the "Mortgage Reform and Anti-Predatory Lending Act of 2007" on October 22, 2007.  This act among other things is proposing to prohibit yield spread premiums.  Yield spread premium (YSP), service release premiums, back-end...

www.scaryideas.com/video/4496/

I was reading an article this morning that was providing the Census Bureau's data on new home sales.  September numbers came in at 770,000 units up from the revised August numbers of 735,000 units.  Discussing further that these numbers were still down from the 835,000 units projected in July and...

Please pass this note on or repost to your own lists:FIRE EVAC CTRS:Who do you know that can volunteer/donate?PLEASE UNITE & PASS THE WORD! ACTIVE RAIN IS A GREAT MEDIUM FOR GETTING THE MESSAGE OUT!EACH EVAC CTR CAN USE VOLUNTEERS & DONATIONS THAT MAY VARY FROM ONE ANOTHER. Here are some things n...