Christian's Blog

By Andrea Coombes, MarketWatch   SAN FRANCISCO (MarketWatch) -- Even as Congress mulls whether to extend the popular first-time home-buyer tax credit aimed at shoring up the decimated U.S. housing market, government auditors said Thursday that thousands of ineligible taxpayers have received milli...

Taylor, Bean & Whitaker Mortgage Corporation NOTICE TO HOME MORTGAGE CUSTOMERS AT THIS TIME, TAYLOR, BEAN & WHITAKER MORTGAGE CORP. ("TBW") IS UNABLE TO EITHER OFFER AN ONLINE PAYMENT OPTION OR AUTOMATIC PAYMENT DEDUCTIONS FOR ITS HOME MORTGAGE CUSTOMERS. PLEASE NOTE THAT NO AUTOMATIC DEBIT PAYME...

An Explanation of FHA Mortgagee Letter on Tax Credit Monetization (Quoted from NAHB with my edits)   On Friday, May 29, HUD issued Mortgagee Letter 2009-15, which outlines the requirements that must be met in order to monetize the first-time homebuyer tax credit. The tax credit can be monetized i...

On May 11, 2009, Governor Sonny Perdue signed into law HB 261 which provides home buyers up to $1800 tax credit. The tax credit must be claimed in one-third increments over a three year period and is eligible to home buyers who purchase single family residences closing between June 1 and November...

The President in conjunction with Fannie Mae and Freddie Mac announced the Making Home Affordable Program several weeks ago. Since the introduction of the program, there seems to be much confusion about what the program entails and what home owners can qualify for. In a nut shell, there are two ...

Courtesy of the Clark Howard Show clarkhoward.com Mar 05, 2009 -- A plain English explanation of the homeowner bailout CLARKONOMICS: There's much confusion over the federal bailout for homeowners and Clark wants to clear some of it up. There are two scenarios under which the "Making Home Affordab...

  There has been a lot of chatter about the tax credits for first time home buyers contained in the new stimulus bill. Last week both the House and the Senate passed the American Recovery and Reinvestment Act of 2009 and President Obama is expected to sign it into law this week. The provisions in...

In response to the higher mortgage default rates being experienced by Fannie Mae and Freddie Mac (the largest buyers of 30-year fixed, conforming mortgages), the formal announcement of “Risk Based Pricing” was established during 2008. Before this was announced, a 30-year fixed loan was basically ...

REAL ESTATE JANUARY 31, 2009, 12:30 A.M. ET Freddie Mac Increases Fees on Some Mortgages By JAMES R. HAGERTY Freddie Mac posted on its Web site late Friday higher fees that will raise costs for some home mortgage borrowers. The move by the government-backed mortgage investor follows similar fee ...

Christian PakExecutive ManagerCitinet MortgagePhone: (678) 638-1200Fax: (678) 638-1215cpak@citinetmtg.com   Dear Valued Partners,While the mortgage market continues to generate a lot of chatter in both the media and in Washington, interest rates are currently near or at all-time lows. If you or ...