2 Blue Chip Mortgage Blog

Eppraisal released its National Market Analysis today. They claim that from November to January the home values decreased (of course) compared to August to October.  Click the link to see if you city is listed and the median home values in you area. http://www.eppraisal.com/NationalMSA.aspx Is th...

Are you forced to lock your loans for 30 days or 45 days instead of 15 days? Lately some lenders are now seven or more days in underwriting alone. Then you have to add for clearing the conditions after they receive them because they cannot get to them right away. Then there are some lenders that ...

Every month we have something new to look forward to in our housing industry. First the lenders, then the declining markets now the MI companies. As of March 3, 2008 we will not be able to close loans we can close today. MI companies are no longer providing insurance on such loans as cash-out ref...

The Bill is supposed to help the consumer but it seems that it may affect financing of loans in Maryland. They are trying to define sup-prime and possibly not doing these loans in MD. Setting a 45% Debt to income ratio on mortgage loans which will prevent some FNMA, Freddie Mac and VA programs. I...

Congress agreed to support the economic package. This still has to be signed by the President but it will temporarily increase conforming loans limit of FNMA, Freddie and FHA to $729,750 for $417,000. There are also tax rebates for senior citizens as well as provisions for business to include exp...

Why is it when dealing with builders and new developments there is usually confusion with the contract?  For example A Fist time homebuyer sees a home for sale and inquires about buying a property. Soon after that their credit is pulled and based on their score it is determined that they can qual...

Hi,I'm a Mortgage Broker in Columbia. The kids were home today (no school) and I was still able to accomplished a lot of work. I guess I had the both of both worlds.Have a Great weekend