About the Author
James K Barath, CMPS
James K Barath is a Certified Mortgage Planning Specialist, qualified liability advisor and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James Barath today for your Borrow Smart Analysis - the CALM Approach to Borrowing ! His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!
My Contributions
6 Things You Need to Know About New FHA Home Loans
With the passing of H.R. 5981 and the resulting Public Law 111-229, FHA was given authority to change the amount charged to borrowers for both the Up Front and the Annual insurance premiums it requires to insure home loans. These FHA Mortgage Insurance Premium changes are outlined in Mortgagee Letter 2010-28 and become effective for all FHA case numbers assigned on or after October 4th, 2010. Here... [Read more]
Home Sellers – Feeling Lucky With Your Real Estate Sale?
In case you missed this morning’s headline, Existing Home Sales Swan Dive. That’s right. Sales of existing home sales plummeted 27.2 percent in July. Furthermore, the National Association of Realtors stated that July’s existing home sales is the lowest reading since NAR has been keeping track. It should also be noted that total housing inventory increased by 2.5 percent in July.... [Read more]
What’s News for Mortgage Rates This Week: August 23rd
If you’re a fan of cliff diving, last week was your week. It was full of economic reports that took a nose dive for the real estate industry, mortgage markets and the overall economy. Mortgage bonds and mortgage rates took a beating while all ears were listening to hear the outcome and recommendations of the “Future of Housing Finance” conference last Tuesday. At the end of the day,... [Read more]
New Rules for Mortgage Transfers – Are You Confused Yet
With all the media buzz about Fannie Mae and Freddie Mac reform on Capitol Hill today, you may have missed an important press release from the Federal Reserve that will affect all homeowners with a mortgage. The press release was the issuance of a final rule amending Regulation Z about the notification of mortgage loan sales or transfers. What exactly is Regulation Z? Regulation Z, also known as... [Read more]
What’s News for Mortgage Rates This Week: August 16th
In case you missed it. The Federal Open Market Committee met last week to discuss the overall state of the economy and reassess their monetary policy. At the end of the day, the Federal Reserve voted to maintain the target range for the federal funds rate at 0 – 0.250%. This news was a temporary boost to mortgage bonds and helped mortgage rates decline initially. Unfortunately, by weeks end... [Read more]
How Far Has Google Come to Help Sell Your Home
Ever heard of Google? In case you’ve been living in a cave since 1997, here’s The Google Story in 2 minutes. Did you recognize any features and/or applications that Google has released over the past 10 years? Better yet, do you use any of them? I know I certainly do. So, how can Google help sell your home faster? Understanding patterns and trends were just the beginning for Google... [Read more]
Can The US Economy Be Kept Afloat by Today’s Fed Actions
In case you missed it, the Federal Open Market Committee (FOMC) met today to discuss monetary policy. Today’s meeting was the 5th of eight scheduled meetings and sixth overall for 2010. Financial analysts and economic forecastors worldwide have attempted to estimate what the Federal Reserve will or will not change in their policy statement prior to the meeting. Often times it comes down to... [Read more]
What’s News for Mortgage Rates This Week: August 9th
Last week it was all about jobs and it wasn’t Steve Jobs. In case you missed it, last Friday’s Jobs Report showed that 131,000 jobs were lost in the month of July. Even worse was the fact that June’s employment report was revised showing nearly 100,000 more jobs were lost than originally reported. Where does this leave the economy and the real estate industry? Without jobs, there... [Read more]
