FREE MORTGAGE NEWS 4U.COM by Brenda Jarvis

October 13, 2008

Does this title seem absurd? Well, so is all the talk lately that mortgage brokers, not originators, but only brokers, are the single entity that brought the global financial world to its knees. Being a mortgage broker, naturally, I take offense to this. Not only to the absolute absurdity that a group of small business people can be responsible for this entire mess, but to pick out one entity that does exactly the same thing as another, and place blame on one side, as if retail originators Read Full Article

October 9, 2008

If you did not see the 60 minutes show on Sunday October 5th then you missed a great opportunity to understand the underlying issues that are plaguing our financial markets today. Understanding how all the pieces fit will help you as a consumer and a mortgage professional better understand why and how credit works for and against us. This explains the bigger picture of why our economy can be so affected by 6% of mortgages going bad. Most consumers are saying I am paying my mortgage Read Full Article

October 4, 2008

How many mortgage brokers say (or have said) my job is finished when the deal funds? This statement is so inaccurate; on so many levels, there is not enough time in the day to discuss all of them. I am going to focus on just a couple of things that brokers refuse to believe is their responsibility, and what all brokers need to do to maintain our existence in the financial community and prosper. Relationships start long before the deal closes, and last until the loan leaves Read Full Article

September 29, 2008

Dow plunges over 700 points after House defeats big financial rescue NEW YORK - Fear swept across the financial markets Monday, sending the Dow Jones industrial average down over 700 points in a volatile market, after the government’s financial bailout package failed to survive a vote in the House. The Dow was testing a record 721.56-point decline set during the first trading day after the Sept. 11, 2001, terror attacks. Still, in percentage terms, the decline remained well below the Read Full Article

September 28, 2008

$700 billion deal aimed at saving the nation's shaky economy from collapse WASHINGTON - Congressional negotiators and the Bush administration's top Treasury officials go to work Sunday on settling the final details of a historic $700 billion Wall Street bailout aimed at keeping credit flowing and saving the nation's shaky economy from collapsing into a crippling recession. "We've made great progress. We have to get it committed to paper so that we can formally agree," House Speaker Nancy Read Full Article

September 23, 2008

Explaining the latest measures to restore Order New entity would buy up bad debts; money market funds get protection After a series of ad hoc, multibillion-dollar rescues — from mortgage giants Freddie Mac and Fannie Mae to global insurance giant AIG — the panic in the credit markets has not subsided. On Friday the Bush administration, which is now working with Congress on a more long-term solution, unveiled four new measures aimed at restoring order to financial markets: A new Read Full Article