Can the investment banks dig themselves out in seven months?

  Never mind that the loan balance between the Federal Reserve and Wall Street has been $0 for four weeks, time is running out for the borrowers to get their financial houses in order.
  The Fed announced Wednesday that the credit facility it opened to investment banks in March will be closing on Jan. 30. [...]

(Update) Stimulus Package – Take Two

   This time the stimulus package looks like it is going to make it to the homeowner.  As I understand the early guidelines you will be able to get a FHA mortgage for 90% of the current mortgage and the remaining balance will be forgiving.  This will help many people to stay in there homes.  [...]

Virgina & Maryland Home Onwers have mortgage options

  I have came accross Mr. Steve Shahinian of Loan Leaders of America.  Steve has been working in the Virginia, Maryland, West Virgina & DC markets for several years.  He can structure residential and commerical mortgages with many programs at his dispossal.  If you are in the market for a mortgage or if the banks have [...]

Fed tweaks emergency liquidity measures

Moves to lengthen maturities, extend primary-dealer program
  The Federal Reserve, continuing to combat the enormous stresses that have engulfed financial markets, announced Wednesday several steps designed to enhance its emergency lending program for banks and primary dealers.
  For banks, the Fed said it would lengthen some of the credit it extends to 84 days. At [...]

Mortgage applications drop and some act supprised….

  Applications filed for mortgages fell a seasonally adjusted 14.1% last week, as applicants shrugged off lower interest rates on fixed-rate loans, the Mortgage Bankers Association reported on Wednesday. Compared against the same week in 2007, applications dropped an unadjusted 30.3%, according to the Washington-based MBA’s latest survey. It covers about half of all U.S. [...]