May 2011 - TheMortgageAdvantage.com

Are we there yet???-Home loans in Arizona

May 25, 2011March 6, 2019 By Diane Gerdes

President Obama and Secretary of Treasury Timothy Geithner are navigating us through the freeway of the deepest recession since the 1930’s. Along for the ride are their BFF’s: Paul Krugman, winner of the Nobel Memorial Prize for Economic Sciences in 2008; Larry Summers, resident bank lover and expelled President of Harvard University, and Paul Volker, the 82 year old former

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Why Homeowners Drink Boxed Wine

May 20, 2011March 6, 2019 By Diane Gerdes

Driving to attend my chapter of local MLM2007 (Money Left Me in 2007), I’m worried the Fed and RESPA police will arrest me for not having the correct date on a disclosure or mis-calculating a fee by one dollar. The stress may drive me to drink more than one box of wine a night.

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Is FHA still in the Lending Game?

May 13, 2011March 6, 2019 By Diane Gerdes

Question: On April 18 FHA increased their monthly mortgage insurance, doubling to twice the monthly amount it was a year ago. Why?

Answer: FHA financing was benched during the sub-prime frenzy during 2004 to 2007, because at that time their underwriting and appraisal requirements were perceived as way too strict. For the same reasons soothsayers felt FHA would be immune to foreclosure activity. Their crystal ball

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Wash that oil right out of your life?

May 6, 2011March 6, 2019 By Diane Gerdes

Did you go buy a new electric car or a Hybrid to overt the oil crisis? Me neither. But with rising gasoline prices my contribution to save the environment and my pocketbook, is parking my gas swilling SUV parked in the garden with the gnomes.