The Fed's action of dropping the discount rate was expected. What the market did not want was the comments that additional reductions were unlikely. It seems that the housing problems don't impact the members of the Fed committee - only us. Instead of saying things that might improve mortgage
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10/31/2007
REVERSE MORTGAGE - A FORECLOSURE ALTERNATIVE In times where the state of Illinois, County of Cook, and City of Chicago are all lining up to increase taxes, how many homeowners with fixed income are going to get squeezed out of their homes? How many of those are over 62 years old?Will they come
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10/24/2007
Illinois Realtors Beware! Company License Revocations 10/09/2007 Ambanc Mortgage, Inc.2007-MBR-132Order Revoking License10/09/2007 DMC Capital Markets Group 2007-MBR-133Order Revoking License10/09/2007 Franklin Financial Group, Inc. 2007-MBR-134Order Revoking License10/09/2007 Laika Mor
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10/24/2007
