I wanted to take the time to tell about a recent loan I closed.   Earlier in the summer, my client contacted their mortgage servicer in regards to the Hope for Homeowners program and was trying to refinance their house.  When they called they had made all their mortgage payments on time, but were drowning in [...]

When a creditor reports to the credit bureaus, they are reporting to usually one of the big 3 credit agencies, Trans Union, Experian and Equifax.  The creditors may report to all, two or just one of the bureaus, and each one of these bureaus calculate a credit score differently, so the scores from one bureau will [...]

Credit gets on your report because some, but not all, creditors report it.  First the creditors set up an account with the one, two or all three credit reporting agencies and begin a reporting process.   That’s actually quite the loaded statement because it’s a little bit more complicated that that.  Not every creditor can set up [...]

Fannie Mae offers some great financing options for many of their selected foreclosed homes. This conventional loan is being used to hopefully stabilize the housing market and allow for incentives to encourage the home purchase market. One of the things that make Homepath great is that there is no required appraisal. Fannie Mae has already [...]