FAQ – Can I use income from marijuana sales to qualify for a mortgage?

Mortgage Underwriters’ hands are tied in using income from something the Federal Government considers illegal. Yet new regulations from DC require that lenders verify and borrowers ability to pay before giving them a mortgage. For example, Washington State had nearly $212 million in marijuana sales in the second quarter of 2016, approaching the $249 million…

Market Commentary – Tue, Jan 03

Market Commentary – Tue, Jan 03 – 10:34 AM ET  The Bond markets are starting the New Year lower today after strong economic data from China and Germany and is helping to lift the Stock markets this morning. The S&P 500 Stock Index, the most closely watched indice in the U.S., was unchanged in 2011. …

The Trouble With Trial Mortgage Loan Modifications

These days there seems to be no shortage today of people or politicians angry at mortgage companies.  Most however tend to be  customers of the nations five largest mortgage servicers; Bank of America, Wells Fargo Home Mortgage, JP Morgan Chase & Ally Financial. The source of anger tends to be  focused on  foreclosure, short sale request or loan modifications aka work-outs that never seem…