The Mortgage Manifesto! YOU can still get a mortgage!

Fed Actions...

Ron Cahalan — 2008-12-17T10:45:00-07:00

Here's how the Fed's actions affect you: 1. Fixed mortgage rates: Rate cuts will have little if any impact on 30-year fixed mortgage rates, which are determined by factors that operate largely outside of the Federal Open Market Committee's reach....

Fed Action and You...

Ron Cahalan — 2008-12-17T10:36:46-07:00

Fraud - Fraud - and Even More Fraud!

Ron Cahalan — 2007-12-08T19:15:53-07:00

FRAUD – FRAUD – AND MORE FRAUD: Up to seventy percent of mortgage payment defaults may be linked to borrower misrepresentations on mortgage loan applications, according to the FBI’s latest Mortgage Fraud Report. At a time when the industry is...

Mortgages: What Are The Self-Employed To Do Now?

Ron Cahalan — 2007-11-24T22:27:20-07:00

With the increased delinquency and foreclosure rates, there is a resulting tightening of underwriting standards across the entire mortgage industry. Prior to the mortgage meltdown we are seeing today, the pendulum had swung way to far to the lenient side...

Mortgage resets: a rude awakening

Ron Cahalan — 2007-11-17T21:53:28-07:00

Hello Manifesto readers! I thought this was a great article and wanted to share it with you. Enjoy! Ignorance may be bliss, but it could mean a lot of pain for all the players in the subprime crisis when a...

Just How Involved Should The Feds Get?

Ron Cahalan — 2007-10-11T11:52:21-07:00

Thanks to Originator Times for this article... My comments splashed throughout: WASHINGTON, D.C. – This week the House Judiciary Committee's Subcommittee on Commercial and Administrative Law passed HR 3609, by a party-line vote of 5-4. The legislation would allow bankruptcy...

Whos Fault Is It?

Ron Cahalan — 2007-09-15T16:45:44-07:00

Thank you to www.americanmortgageeducatorsinc.com for this article. Tawney Warren is the author and one of the four consumer advocates that anchor this wonderful organization and help borrowers and homeowners nationwide. Thank you for your contribution: Whose fault is this mortgage...

Government is getting involved in the Mortgage Meltdown even more!

Ron Cahalan — 2007-09-10T11:02:36-07:00

Thank you from FDIC and the Financial Services Committee: Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on Recent Events in the Credit and Mortgage Markets and Possible Implications for U.S. Consumers and the Global Economy before the...

Credit Facts You Need to Know

Ron Cahalan — 2007-08-11T15:50:27-07:00

· Accurate information on your report cannot be changed or removed. · How Information gets on your credit report: Organizations and credit granting companies and/or retailers with whom you have submitted an application for credit or an existing credit account...

So who or what determines the interest rates for mortgages?

Ron Cahalan — 2007-07-20T13:42:00-07:00

We all like to blame the lender for the rates, especially when the rates rise. Did you know that the lender has very little to do with the rate? Your lender may have control over the rate they charge you...