Bernanke: Lower Mortgage Limits Are a ‘Trade Off’ Federal Reserve Chairman Ben Bernanke discusses the phase out of higher conventional loan limits. For those of you worried that the scheduled expiration of higher loan limits at Fannie Mae, Freddie Mac and the FHA will have a negative effect on the housing market by raising the [...]

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Mortgage Updates MPA – Mortgage Assistance Payment – The State has the program in place and loan documents are finally coming out.  Eligible borrowers should be receiving a call from the intake centers to come in and sign their loan documents.  If they are not approved the State will be contacting them. NEW/OLD PROGRAMS – [...]

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The market was smooth at the beginning of the week and is ending the week with a little volatility resulting in a little bit of a rate increase towards the end of the day.  As the Japanese market starts to stabilize, so will the other global markets resulting in mortgage rates flattening out in the [...]

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