Paul Bozek's Blog

Link to rates My recommendation for rates: Continue to float over the weekend, be ginger however as the 10 yr still has not broken resistance and the mortgage markets also unable so far to break technical resistance.   Looks like the market got slammed after some reports earlier today.  It gave u...

http://www.fhamadesimple.com/ Looks like China's economy is doing well along with the growth in the US is going to force rates to go up. I personally don't think that will happen as long as unemployment is as low as it's been. My prediction is unemployment will be stagnant or increase all while h...

Link to article   Interesting article about how mammoth investment firms can walk away from a "bad investment" and how that compares to the individual homeowner. Raises some good issues espeically in reference to accountability. Good read! The lead story in commercial real estate today is the dyn...

Link to article   Very interesting article regarding commercial investors walking away from a "bad investment." In this example, the $5.4 billion in debt would be equivelent to about 34 THOUSAND homes. Why should homeowners not make the same "financial deicsion" and cut their losses? I wonder wha...

Very interesting article regarding commercial investors walking away from a "bad investment." In this example, the $5.4 billion in debt would be equivelent to about 34 THOUSAND homes. Why should homeowners not make the same "financial deicsion" and cut their losses? I wonder what kind of accounta...

I think many of us saw this coming when FHA fell below their minimum reserve requirement last year. The writing on the wall started with the fico increase from 620 to 640 for streamline refinances. We will await the final say from our investors and how they will impose their guidelines on to the ...

I know this deadline is going to come up quick so I wanted to refresh everyone on the details of this credit.  Below you can find some information and further explore with the provided links to the IRS.   •1.                   Who is eligible to claim the $8,000 tax credit?First-time home buyers ...

Here is an interesting article I found on CNBC regarding short sales. I guess a lot of payments have been accepted from sellers from the 2nd lien holders on the property. I have had a recent experience with similar issue that delayed my closing by over 30 days. The POC was on the HUD but Freddie ...

As many of you know, FHA is temporarily suspending the 90 flip rule to stimulate more and quicker sales.  However, until the investors start to implement this guideline, it is just wishful thinking.  It will be very interesting to see what the secondary market on Wall Street says about all this. ...