Archive for February, 2012
Will Worse Gas Prices Raise Mortgage Rates?
Gas prices are rising in the US and it makes you wonder: will mortgage rates soon be rising as well? The questions are not unrelated. In basic terms the price paid for gasoline at the pump has very little to do with the actual cost of production, refinement and distribution. However, the price paid at [...]
27Feb2012 | Peter G. Miller | 0 comments | Continued
Mardi Gras, Mortgages & Muffulettas
Is New Orleans really back? New Orleans may well be the comeback story of our time. A city brutalized by Hurricane Katrina in 2005 is now a place you’d really like to see. What makes New Orleans interesting? Judging from a recent trip you have to point to three things: Mardi Gras, mortgages and muffulettas. [...]
21Feb2012 | Peter G. Miller | 1 comment | Continued
American Chopper: Is The Best Yet To Come?
American Chopper is back but will it re-capture the magic? When last we saw the Teutuls they were in a three-way live bike build-off with reality star Jesse James. The results after great fanfare and lots of speculation looked like this: Paul Jr. and PJD Designs took first place with a bike fashioned after a [...]
13Feb2012 | Peter G. Miller | 0 comments | Continued
VA Loan Volume Surges, Remains Safest Mortgage Option
The VA Loan Guaranty program had a big year in FY11, driven by a surge in refinance loans and a tighter lending climate that’s drawing renewed attention to this flexible, government-backed mortgage. The VA guaranteed nearly 360,000 loans last year, a 14-percent increase from FY10. Since FY07, the number of VA loan guaranties has surged [...]
8Feb2012 | Chris Birk | 0 comments | Continued
Why Obama Should Favor Mortgage Appraisals
President Obama inherited the worst financial crisis since Hoover and the Great Depression. It follows that getting the country back on track is no easy task and while his new housing plan includes much to support it also includes a provision to dump appraisals when they are most needed. Dump is really the right word. Fannie [...]
6Feb2012 | Peter G. Miller | 2 comments | Continued
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