Ricardo Bueno

The Federal Housing Administration (FHA) was created through the National Housing Act of 1934. In short, the goal of FHA are: "to improve housing standards and conditions; to provide an adequate home financing system through insurance of mortgage loans; and to stabilize the mortgage market." (Fed...

Last week we wrote about Merrill Lynch and how they were in trouble after a $7.9 Billion CDO write-down. At the end of the article I commented, Since we don't expect to return to the easy financing market of prior years and our credit problems are far from over, it kind of makes you wonder how f...

Recommendation: Lock-In at application! We've seen some excellent Bond performance over the past week which corresponds to excellent rate sheet pricing! Our recommendation to float certainly saved everyone a lot of money but now we're recommending you lock your loans at application.  The big new...

Looks like we have yet another Fed Funds Rate Cut! First we had a Discount Rate Cut in August '07...        then a Fed Funds Rate Cut of 50 basis points (.50%) on September 18th, 2007...                and now we have yet another Fed Funds Rate Cut of 25 basis points (.25%).We should see some muc...

Recommendation: Float, but float with caution!Contact me for a rate quote! With no reports on the Economic Calendar today, the bond market is holding steady which means interest rates are holding. The Big News is scheduled for Wednesday (October 31st) as we all await the Feds next move; whether ...

Stocks traded higher today on strength in from players like Countrywide and Microsoft. Countrywide did report negative earnings however not as low as "the Street" wa expecting. What's more, they did show signs of an optimistic future. This is significant because when Stocks move higher, it comes ...

In a recent article from Market Watch:"Merrill shares fell almost 8% to a near two-year low of $62.'It turned out our assessment of the potential risk and mitigation strategies were inadequate,' O'Neal said. 'I am accountable for the mistakes as I am accountable for the performance of the firm ov...

To all of my Southern California friends, family and colleagues affected by the fires, please know that my thoughts & prayers go out to you! You have friends and family here and everywhere to support you! With an Active Rain Network 54,000+ members strong, you have a tremendous amount of support...

Well, it's official... In a Dow Jones Newswire: "Countrywide Financial Corp. (CFC) confirmed late Tuesday that it entered into an agreement with the Neighborhood Assistance Corp. of America to help borrowers preserve homeownership and avoid foreclosure...Under the program, homeowners have a 'wat...

Amidst the the ever so popular credit crisis "blame game" our former Fed Chairman, Alan Greenspan shares his insights with new Chairman Ben Bernanke...From Reuters: Crisis Was "Accident Waiting to Happen:" Greenspan     "The financial crisis that erupted on August 9 was an accident waiting to hap...