As a real estate agent, I get a tremendous number of questions regarding financing a home. Today we are seeing a full force credit crunch with respect to home loans.

Wall Street was shocked recently by the failure of a banking titan, Washington Mutual. Because WAMU held billions of dollars of uncollectible mortgage paper, it was facing immediate foreclosure. J P Morgan Chase stepped in and bought the ailing firm, keeping it from its ultimate demise.

The home mortgage loan industry has changed the terms of stated income loans requirements. Now, most lenders want the traditional full documentation loans and borrowers having to qualify by using standard debt to income ratio calculations.

The Florida mortgage loans market has been hit hard by the housing crisis that has engulfed the US market in the past several years. In a recent report by MSNBC, foreclosure rates for the 100 largest metro areas in the U.S.

Are you trying to get a Countrywide loan modification? If so, it is important to learn about some of the requirements Countrywide Bank demands to those of you interested in being part of this program.

When you are seeking a mortgage for a house to purchase or refinance, it’s nice to be able to make some calculations on your own without having to be rocket scientist.

As mentioned in part one, Congress passed into law the Housing and Economic Recovery Act of 2008. It became effective October 1, 2008 and included new mandated FHA refinance loan guidelines.

A new FHA loan program was instituted in October 2008 that has the express intent to insure $300 billion dollars worth of mortgage loan payments for 3 consecutive years. HOPE for Homeowners Act of 2008, previously signed into law