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Mortgage and Lending - Jamie Russen - Greentree Mortgage - NMLS ID #95705
RECENT BLOG POSTS
  Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for...
04/15/2011
After this week ends, the FHA is raising mortgage insurance premiums on its new  borrowers. It's the FHA's third such increase in the last 12 months. Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or 0.25%. Against...
04/13/2011
If you're an eligible federal employee or qualified military personnel, you have 3 weeks from this Saturday to use the federal home buyer tax credit, and to claim up to $8,000 in federal income tax credits.  According to the IRS, eligible persons include members and spouses of the uniformed serv...
04/12/2011
The Federal Reserve released its March 15 meeting minutes Tuesday. The notes revealed a Federal Reserve split between optimism and caution for the U.S. economy. The minutes' official name is "Fed Minutes". It's a periodic publication, published 3 weeks after each meeting of the Federal Open Mark...
04/07/2011
Mortgage rates may be a function of free markets, but real estate taxes are a function of government. And, depending on where you live, your annual real estate tax bill could be high, low, or practically non-existent. Compiling data from the 2009 American Community Survey, the Tax Foundation, a ...
04/07/2011
Which is better - a fixed-rate mortgage or an adjustable-rate mortgage? It's a common question among home buyers and refinancing households in Pennsylvania. The answer? It depends.  Fixed-rate mortgages give the certainty of a known, unchanging principal + interest payment for the life of the lo...
04/05/2011
In a volatile week of trading, mortgage markets closed unchanged last week. Despite economic data proving stronger-than-expected - a situation that tends to lead mortgage rates higher - concern for persistently high oil prices tempered Wall Street's excitement and mortgage rates stayed steady. T...
04/04/2011
As part of the Census Bureau's data collection activities from 2005-2009, a number of interesting charts have been published at http://census.gov. The data should not be confused with Census 2010 - a separate survey conducted every 10 years. This is the first-ever, 5-year American Community Surv...
04/01/2011
Friday is a pivotal day for mortgage markets and conforming mortgage rates across New Jersey. At 8:30 AM ET, the government will release its March Non-Farm Payrolls report. More commonly known as "the jobs report", the monthly Non-Farm Payrolls is a market-mover and home buyers would do well to ...
03/31/2011
On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month, according to the National Association of REALTORS®. A "pending home sale" is defined as a home under contract to sell, but not yet closed. February's Pending Home Sales Index rebound breaks a 2-month losing s...
03/29/2011
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