Rob K. Blake - The Insider

I wanted to update everyone on all the category in which Terri and I publish mortgage, real estate, and investing articles on our websites.  You can see a listing of the Categories below.  Just click over and peruse...

I just finished a post about the new way the FDIC created to handled failed banks and lending institutions.  As of today with the failure of Silverton Bank, the FDIC opted to take receivership via a newly created "bridge bank".

Read all about here... 

Silverton Bank Fails - FDIC Uses Bridge Bank As Vehicle

I just finished answering a question by one of our readers of the Mortgage Insider Website.  It was a great question about the ramifications of lying on a mortgage application. 

I research the penalities and was shocked!  Civil and criminal penalities are the punishement if found guilty, but what really unnerved me was the "negligent" aspect of those who could be found guilty.

You will be too...click over and read

What are the penalties for lying on a mortgage application?

My partner wrote a post on our blog today about no points and no fees loans.  Can they make money without charging these fees?

 That sounds silly just saying it but the ads are compelling.  Mortgage companies do not do loans for free…nothing in the mortgage business is free.  So, with that said, when you see an ad for no cost refi or no fees or points you aren’t getting something free.

It isn’t a better deal…just a different one.  She wrote about the difference between a no cost refi and a no points refi.

So check it out and also remember she gives you actual wholesale mortgage rates everyday in her real rates daily podcast.

Thanks!

I just finished a post on what his wife reported as the suicide of Freddie Mac CFO, David Kellerman.  I researched his work website and other online sources that could shed some understanding on this tragedy.  The nation's hearts go out to the family of Mr. Kellerman...another victim of the mortgage crisis. 

Please click over to our "outside" mortgage blog and read ...

David Kellermann - Freddie Mac CFO - Commits Suicide

I posted seven new online mortgage calculators to our "outside" website...click on the links to play with them.  They are free and you can run as many scenarios as you like...

Total Monthly Payment & Amortization Schedule Calculator

Debt Consolidation Mortgage Calculator

Home Equity or HELOC Mortgage Calculator

Early Payoff Mortgage Calculator

Bi-Weekly Mortgage Calculator

Mortgage Payment Calculator

Income Needed Mortgage Calculator

Max Mortgage Amount Calculator

Discount Point Savings Calculator

Refinance Savings Mortgage Calculator

Mortgage Tax Deduction Calculator

APR Mortgage Calculator:

Back to Mortgage Calculators

I reviewed the national online mortgage lender, Amerisave Mortgage. The review outlines all the contact info I found as well as all the consumer complaints I found.

Amerisave's recruiting mechanism...smacks of Amyway...or some sort of MLM...more than a little concerning....

So jump over and read...

<u><font color="#0000ff">Amerisave Mortgage Review</font></u>

Here's is a recap of the weeks's best mortgage tips and mortgage rate updates from the Mortgage Insider website....

Wholesale Lender Rates - Episode 12-20-08

FICO Rate Adjustments - Mortgage Rate and Tip For 12-19-08

Village Homes - Mortgage Rate and Tip For 12-18-08

Record Low Rate - Mortgage Rate and Tip For 12-17-08

Federal Funds Rate Cut To Lowest Level Ever - Video

Locking Loans - Mortgage Rate and Tip For 12-16-08

Lennar - Universal American Mortgage Review

 Par Rate

 Refinance Calculation - Mortgage Rate and Tip For 12-15-08

Housing Price Floor - Foreclosure Auction Bidding - Episode 12-12-08

I'll keep you posted on a weekly basis here... of course you could always just subscribe to the podcasts and feeds directly ...use the link provided.

Happy Investing,

Rob