Washington, DC Homes along the Red Line

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• NY Times Article Points Borrowers Seeking Loan Modification to New Website

  FICO, formerly known as the Fair Isaac Corporation, which developed the most widely used scores for assessing credit risk, unveiled a Web site this month — MortgageReliefOnline.com — to help these homeowners. The new site walks borrowers through Read More... Posted Sunday, May 03, 2009 1:56 PM by Mary Lowry Smith | 0 Comments Filed under: Finances

• Buyers Note: Recent Changes to PMI Requirements for Conventional Loans

  Recent changes to the PMI guidelines now require a borrower's total debt ratio to be no more than 41% of their income in order to qualify for a conventional loan with less than a 20% down payment. This was recently allowed to 45%. Buyers who plan Read More... Posted Wednesday, April 01, 2009 2:44 PM by Mary Lowry Smith | 0 Comments Filed under: Finances

• What's your opinion about the media's reporting on the housing market?

  One of the mortgage brokers I work with emailed me the following: The old adage is that bad news sells newspapers. Perhaps that holds true for the rest of the media as well. A case in point, NAR's (National Association of Realtors) most recent report Read More... Posted Monday, December 08, 2008 1:20 PM by Mary Lowry Smith | 0 Comments Filed under: Finances