Mark Bigelow's Blog

Countrywide announces today that they will be targeting 80,000 clients that are in variable rates and are at risk of default. They indicated that 52,000 clients or $10 Billion in mortgage balances could qualify for either a prime loan or FHA Loan Product. A rate modification could be offered to a...

Ameridream Down Payment Assistance Program's, "Ameridream," legal battle has paid off, at least temporarily. On Friday October, 19, 2007 HUD voluntarily agreed to exclude Ameridream from the HUD rule banning seller-funded down payment assistance until February 29, 2008.  This will only apply to A...

  Credit Scoring models have been created using mathematical algorithms and historical data to determine a number or ranking.  The three credit repositories (Equifax, Experian, and Trans Union) each have their own proprietary scoring method and therefore produce three different scores.  They have...

Credit Building Tips   In a world where we live and die by our credit score, I thought I would post some credit building tips.  These aren't in any particular order but should be useful.   If age or previous credit troubles have prevented you from obtaining or re-establishing your credit, you may...

I've been asked a lot lately, "what should I do if I have a subprime mortgage?"  The answer to this question isn't a simple one and strategies vary based on each individual situation.  Every day the mortgage industry is morphing, products that once existed do not exist anymore.  Borrowers who cou...

  Do you have a first time home buyer looking to score a good deal?  No money to Updated it after they buy?  What about Stale listings that won't sell with the outdated kitchen, bath and more?  REO that is so damaged that only an investor will flip it.   My fixer-upper loan may be perfect for you...