From the category archives:

Current News

The General Assembly gave final approval early Wednesday afternoon to a budget package that will raise taxes on the wealthiest Maryland residents and shift the cost of teacher pensions to local jurisdictions. The tax package, which did not pass in the waning hours of the legislature’s regular session which ended last month, is expected to [...]

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The short sale process could get a lot quicker starting this summer under new rules that will require lenders to respond to offers within a month. Fannie Mae and Freddie Mac, the nation’s two largest mortgage backers, will implement the guidelines June 15. The changes require mortgage servicers to make a decision within 30 days [...]

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Last night the NFL schedule came out. It’s one of the most anticipated days of the year. I equate it to the first day of school. Everybody thinks they have a chance at going to the Super Bowl! 2012 NFL Schedule Tweet This Post

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Housing Set for Spring Recovery as ‘Fear Factor’ Fades

April 16, 2012 Current News

More people are jumping off the fence and buying a home. Here is an interesting article about the subject Tweet This Post

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Is Spain Becoming The Next Greece?

April 10, 2012 Current News

Is Spain becoming the next Greece No.? After what happened in Greece if another country goes under. I don’t think they will get bailed out. This is going to sound crazy but it’s true. In Spain they have two soccer teams Barcelona and Real Madrid. If either ones needs money the banks in Spain will [...]

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The Fed Meeting on Tuesday

April 4, 2012 Current News

Tuesday afternoon after the Federal Reserve released the minutes from its March meeting. Mortgage rates of all types — FHA, conventional, jumbo, VA and USDA — are rising. In some cases, sharply. The Federal Open Market Committee meets eight times annually to discuss U.S. monetary policy and, when appropriate, to add, remove, and/or revise policy [...]

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Mortgage to Lease Program

March 26, 2012 Current News

Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners. The “Mortgage to Lease” program, which was launched this week, will be available to fewer than 1,000 BofA customers selected by the [...]

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To write or not to write

March 22, 2012 Current News

The last few days I didn’t have a blog post. Some people sent me an email to ask why was I on vacation or what happened. If I don’t find anything interesting to write about I won’t just write about anything to just say I have a post. That’s why it has been quiet this [...]

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Feds cut refinance costs for some mortgages

March 7, 2012 Current News

Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan unveiled yesterday by the Obama administration. At a news conference, President Obama announced that the Federal Housing Administration will cut upfront fees for refinanced loans it already insures. The new fees are [...]

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Realtors ready to protest mortgage deduction tomorrow

February 28, 2012 Current News

Maryland Realtors will rally outside the General Assembly on Wednesday morning to protest Gov. Martin O’Malley’s proposal to reduce deductions on mortgage interest and property taxes for higher-income Maryland residents. The 9 a.m. rally, organized by the Maryland Association of Realtors    , is expected to draw about 400 people to Lawyer’s Mall in Annapolis, [...]

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