Wordpress Class: Cheap, Easy and CE Credit for AZ Real Estate Agents
I have been joking with a few of my friends lately that I could teach *almost anyone* how to use WordPress to where it was “good enough” in an hour or less. If you are in Real Estate (or Mortgages or Title or anything close to Real Estate) save yourself some time and effort and get tutored by a pro. Trying to learn it all yo

How Bad Will Foreclosure Hurt Your Credit?
Ever wonder what would happen to your credit score if you had a 30 day late payment?  Or are you deep in debt and wondering what to expect to happen if your credit score if you file for bankruptcy? Or maybe you are thinking about doing debt settlement as a way to possibly try to avoid bankruptcy? Up until recently, financial mistakes were somewhat of a mystery as to what impact they would have on your credit – but thanks to the folks at FICO, now you can have a pretty good idea what several common financial missteps can have on your credit score.

Case Shiller: Property Prices May Fall Another 45%
Predictions. Maybe they will come true, maybe they wont – but here is one from a fairly credible source that says property values still have a ways – a long ways – to fall. According to the guys at Lender Implode, the 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values.

640 Is The New 580
For many years, if you wanted to get an FHA loan, you didn’t actually have to have a “minimum” credit score – but about 2 years ago, that changed when lenders started requiring a minimum credit score. When lenders first started requiring minimum credit scores, the first minimum credit score they used (or most of them used anyway) was 580. Then over time it moved to 620. And now I am seeing many lenders move their minimum credit score requirement to 640 for FHA loans. Which means that your mid credit score needs to be above 640 for many lenders to be able to help you get an FHA loan. Not all lenders are requiring a 640 yet – but if histo

FHA Mortgages: Changes Coming?
We are in uncharted waters when it comes to FHA financing – and in my experience, uncharted waters means anything can happen. But you may have heard that recently the FHA insurance fund has dropped below the Congressionally mandated 2% and there is a lot of discussion about whether or not FHA is going to need a bailout. Will FHA need a bailout? I don’t have enough information to know for sure – so I won’t even take the time to speculate. The only thing that is really clear to me is that there are probably quite a few people who work