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Fannie Mae Under the Gun
17 January 2005 The Accounting Scandal at Fannie Mae "The media has been full of stories recently about accounting scandals at Fannie Mae?Is this another Enron? What does it mean to John Q. Public?" It is an accounting scandal, and heads have rolled as a result, but it is not ... more...

Canceling Private Mortgage Insurance (1)
November 6, 2000 "Is it true that if my house appreciates to where I have 20% equity, I can have my mortgage insurance cancelled?" "My lender refuses to cancel my mortgage insurance because [Fill in the blank with any of a dozen reasons]. Is this legitimate ... more...

private mortgage related definitions

Private Mortgage Insurance, PMI
Private Mortgage Insurance, PMI Loans with an LTV over 80% may require Private Mortgage Insurance (in some cases 75% or 70% when refinancing). If you do not have a 20 percent down payment, lenders will allow a smaller down payment. With the smaller down payment loans, however ... more...

Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more...

More about private mortgage

Class Action Lawsuits and Unethical Settlements
AN INVITATION FOR CLASS ACTION ATTORNEYS TO ENGAGE IN UNPROFESSIONAL CONDUCT Copyright 2004 by Michael A. S. Guth. All Rights Reserved. No portion of this article, including this web page, may be copied, retransmitted, reposted, or duplicated in significant portion without the express written ... more...

Don't Overpay for a House, Even in Today's Market
If there's one thing American investors love, it's an over-inflated market. Which is why they keep buying houses and new ones keep coming onto the market. According to the latest data, housing starts rose an annualized 3.4% in September, matching a 17-year high. Whoo-ha! Go, baby go.I wonder if ... more...

Stopping Foreclosures
If you as an investor understand the process, you will be able to help more people!Foreclosure is tuff on folks it's all about losing!Your customer loses their home and the lender loses money!If you can get your focus going in the right direction, you can create a Win - Win scenario for all ... more...

The Writing Life
In the 7th grade I wanted to be an architect but it turns out math is involved. Who knew? My 8th grade English teacher talked me into working on the school newspaper and I was hooked. It seemed like easy lifting compared to architecture.This quote from newspaper columnist Russell Baker sort of sums ... more...

Caretaking - An Innovative, Cost-Saving Concept in the Travel Industry
I am always on the lookout for innovative, unconventional, and first and foremost, cost-saving ways to travel. I recently came across the concept of "caretaking", i.e. looking after other people's (often beautiful) properties and estates, as a way of procuring rent-free living opportunities in ... more...

SIPPS - Need to Know More?
What is SIPPS? What is A-Day? How could it affect you? Do you have investment property or want to invest in property? These are all questions, that you will want to find answers to.Referred to as A-Day, April 6th 2006 will be an historical date for pensions in the UK and will mark the beginning ... more...

Start A Business For Under $100
There are a multitude of magazines and websites devoted to the sprit of Entrepreneurs, who by the way provide almost seventy percent of private sector jobs. The dream of almost every employee is to fire their boss, and start a business of their own. The best part about this dream is that it can ... more...

What is Bridging Finance?
Once you understand what the term, Bridging Finance means, its easy to understand how it got its name. The purpose of a bridging or bridge loan is to provide short term cash for a real estate transaction until permanent financing is secured. Bridge loans are commonly used to bridge the cash gap ... more...

Home Equity Loan When Does Refinancing Make Sense?
For the last two years, interest rates have been much lower than anytime during the last thirty years. This has resulted in an unprecedented boom in real estate sales, home refinancing and home equity lending, as borrowers try to take advantage of these rates for the long term. But refinancing or ... more...

Reasons to Refinance When Rates Are Moving Up
Interest rates have enjoyed record lows during the last few years allowing many people to refinance and enjoy lower mortgage payments. Now, interest rates are moving in the other direction. The average 30 year fixed rate, according to mortgage giant, Freddie Mac, was 6.31% last week. Still, during ... more...


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