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July 15 is the annual MBA Summer & Golf Outing. 9am begins the Golf portion with a Shotgun start; Social time at 3pm with dinner at 4pm. We are looking forward to seeing you there! Register at www.mbaneny.com/events.


		Info: Understanding Credit Reports and Scores Posted by: maxcoccetti on Friday, May 02, 2008 - 07:50 AM
		16 Reads From: Mortgage News Lenders look at your credit report every time you apply for credit, but many people don't know what their credit score is or how the score is calculated. What Is A Credit Report? A credit report is a document that lenders use to assess a person's credit risk. It shows your payment history for the last seven years, the amount of money owed, the types of credit in use, the proportion of balances to credit limits, delinquencies and public records including bankruptcies and foreclosures. Read more... (2327 bytes more) comments?


		Senate OKs foreclosure heads-up for homeowners Posted by: maxcoccetti on Monday, April 28, 2008 - 07:41 PM
		20 Reads By Judy Lin - sacbee.com Published 4:11 pm PDT Monday, April 28, 2008 A handful of Republican senators on Monday helped Democrats pass mortgage crisis legislation that gives more time and notice to troubled homeowners. Senate President Pro Tem Don Perata's urgency legislation passed on a 28-10 vote. It now moves to the Assembly for a vote. Read more... (2130 bytes more) comments?


		Pros and Cons of Reverse Mortgages Posted by: maxcoccetti on Friday, April 18, 2008 - 09:28 PM
		40 Reads One of the most confusing mortgages to much of the general public is the reverse mortgage. Lots of folks aren't sure what a reverse mortgage is, who qualifies, how to apply, and where to go to get information. These are all great questions and here we'll explain how a reverse mortgage is different from regular mortgages and explore some of the pros and cons of reverse mortgages. Read more... (2900 bytes more) comments?


		The lowdown on the new jumbo loan limits Posted by: maxcoccetti on Friday, April 18, 2008 - 09:26 PM
		34 Reads The Economic Stimulus of 2008 did a lot of things to spur America's struggling economy: putting money into American's pockets in the form of rebate checks is the most noticeable, but the change in loan limits for FHA and traditional "conforming" loans has been harder to understand for many Americans. It's not as black and white as a check from the government to you. Congress has temporarily raised the conforming loan limit (the limit at which a jumbo loan is required) to 125% of each county's median home price or $729,750, whichever is less. For most counties, the limit will stay at $417,000 because 125% of the median home price is less than $417,000. The expanded loan limits affects 244 counties in 28 states. Read more... (1484 bytes more) comments?


		Mortgage Origination Commission will Oversee States Posted by: roberthayes on Tuesday, April 01, 2008 - 07:11 AM
		65 Reads WASHINGTON, D.C. - U.S. Treasury Secretary Henry M. Paulson, Jr. released the Blueprint for Financial Regulatory Reform, which proposes significant changes to modernize and regulate the country’s financial system. The plan includes the expansion of the Federal Reserve and the creation of the Mortgage Origination Commission, which would oversee state-level regulation of mortgage origination practices. Read more... (4516 bytes more) comments?

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	Other Stories · Understanding Credit Reports and Scores (May 02, 2008) · Senate OKs foreclosure heads-up for homeowners (Apr 28, 2008) · Pros and Cons of Reverse Mortgages (Apr 18, 2008)

Past Articles

Friday, March 28

· US mortgage rate freeze not good idea -OFHEO chief (0)

Friday, March 14

· HUD Introduces New Good Faith Estimate and Proposes Other Changes to RESPA (4)

· NEW YORK ATTORNEY GENERAL CUOMO ANNOUNCES AGREEMENT WITH FANNIE MAE, FREDDIE MAC, AND OFHEO (14)

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