Federal Home Mortgage Assistance

Campbell, Cupertino, Gilroy, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Silicon Valley, Santa Clara, Saratoga, Sunnyvale, Stanford, Atherton, Redwood City, Portola Valley, San Carlos, Belmont, La Honda, Loma Mar.
8 Things You Absolutely Shouldn't Do Now?
That?Your Mortgage Application Is In-Process
From Kristen Emery |?
With mortgage rates are hovering near all-time lows, lots of Americans are taking advantage of refinance and home buying opportunities.?

The downside of today's unexpectedly-low rates, though, is that mortgage lenders are ill-equipped for the rush of new business.?

As a result, the process of underwriting and approving?new?mortgage applications?is taking some conforming?lenders as long as 2 months to complete.?This is double the time needed as recently as six months ago.Because there may be 60 days between the application date and the closing date, it's important for applicants to remember that mortgage approvals can be revoked at any time prior to funding.?As mortgage applicants, there are many events that are?out?of our control -- job security and health matters, for example.? But there are also events that are?within?our control.? 8 things you should absolutely not do while your home loan is in process

Knowing that mortgage approvals can be fragile, here are?8 things you should absolutely?not?do while your home loan is in process.? It may be the difference between being approved by the bank, and being turned down.

  1. Don't buy a new car or trade-up to a bigger lease.
  2. Don't quit your job to change industries
  3. Don't switch from a salaried job to a heavily-commissioned job
  4. Don't transfer large sums of money between bank accounts
  5. Don't forget to pay your bills -- even the ones in dispute
  6. Don't open new credit cards -- even if you're getting 20% off
  7. Don't accept a cash gift without filing the proper "gift" paperwork
  8. Don't make random, undocumented deposits into your bank account

Lending assistance. (Federal Home Loan Mortgage Corp. begins purchasing mortgages under local housing programs): An article from: Mortgage Banking
Book (Mortgage Bankers Association of America)

True, Coloado is cheap and mean

2008-07-27 11:29:49 by DenverAccountant

After being laid off for a crappy job that only paid 100% commission, I was eligible for $125/week UC.
There is virtually no public assistance worth looking for, other than federal programs. The run-up in home prices has led a lot of people to over-mortgage their homes.
My wife makes $12/hr as a merchandiser and has been unable to find a full time job in sales (hr previous field). I have been out of work for 14 months, with no prospects in sight. The jobs that I have interviewed for pay $40-$50K, and I was making $50K when I moved here in 1987!
There are no major employers, and the economy is boom or bust (see mining, shale oil exploration, telecomm and cable companies)

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Dallas cyber-crime maestro's luck runs out  — Dallas Morning News
In his 2007 heyday, this Nigerian-American scammer was stealing more than $7 million a week from home equity lines of credit. In all, the FBI estimates he took between $80 .. of money, the U.S. housing boom was in full swing.

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