Government Accountability Needed to Restore Mortgage Confidence


Politicians and regulators need to get with the times — for the sake of the housing market and its participants.

That message served as the guidepost for David Stevens’ remarks at the Mortgage Bankers Association’s National Secondary Market Conference in New York this week. Stevens, president and CEO of the MBA and the former commissioner of the Federal Housing Administration, did not pull punches in calling out the United States government for its role in the current predicaments faced by lenders and would-be homebuyers alike.

Stevens made a general argument about accountability, contrasting the work done by the mortgage industry in the wake of the recession and meltdown with the inaction on the part of government officials.

“Regulators and enforcement agencies must own their role in the pace and path of recovery,” he said in prepared remarks released Monday. “Today’s environment is not encouraging credit expansion. It’s […]

First-Time Home Buyer Conventional Loan Program


Gift funds, seller contributions, and community second allowed for no out-of-pocket costs. Buy a home without draining your savings account. This attractive 97% LTV home loan purchase program requires only 3% down, which can come from gift funds or community seconds.

-“All gift” down payment allowed from acceptable gift donor

-Community second and seller contributions allowed

-Credit scores as low as 620

-No mortgage insurance option available

550 Credit Score FHA Refinance Loan Program


The Federal Housing Administration (FHA) has a number of loan programs to help you lower your interest rate or get cashout, and we can help find you the right loan program to suit your needs. There are lots of programs and options to choose from, but rest assured, that from start to finish, we know FHA and can get you the best loan for which you’re qualified. Since we are experts in FHA loans, you can be assured that we can make the process as smooth and efficient as possible.

-Credit scores as low as 550

-Fixed rate, adjustable rate, and high balance loan options

-90% loan to value on rate/term refinance

-85% loan to value on cashout refinance

-Up to 43% debt to income ratio

-May be eligible for reduced wait times for bankruptcy and foreclosure

-Programs available only to qualified borrowers. Programs subject to change without […]

Murdoch Bid to Dethrone Zillow


Can Rupert Murdoch take an online fixer-upper and turn it into a digital real estate profit spinner? We’re about to find out.

Murdoch’s News Corp. plunked down $864 million in cash and assumed $88 million in costs in November to acquire’s parent company, Move Inc., setting up a testy head-to-head rivalry with the unmatched king of online home-sales information, Zillow Group Inc. Zillow has bounded to the top in part because of a feature that includes price estimates for almost every house in America.

Now,, enriched and emboldened after the News Corp. purchase, is fighting to claw away at Zillow’s mainstay “Zestimates,” contending they just aren’t that accurate. argues it offers home sellers and shoppers a better online experience by listing more properties with accurate information as opposed to the guessing involved in Zestimates.

“We […]

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