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Affordable Financial Services Blog
http://longislandmortgageblog.com/
LongIslandMortgageBlog.com, brought to you by Affordable Financial Services, is dedicated to providing our clients with the knowledge they need to make the right decisions when deciding to move forward with the loan process.
Recent Posts
Fannie Mae’s December Housing Forecast Expects Real Estate Market to Rebound But Predicts Disappointing Performance For Mortgage Lenders in 2010
Mortgage giant Fannie Mae released its December Housing Forecast yesterday. Despite the lackluster performance of the housing market and economy this year, the forecast predicts double-digit gains for the real estate industry in 2010. According to ...
Mortgage Applications Rise Slightly Over Previous Week
According to the latest figures released by the Mortgage Bankers Association (MBA), applications for mortgages rose slightly last week by a seasonally adjusted rate of 0.3% over last week. The MBA survey covers nearly 50% of all U.S. residential mor...
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More Aid For Fannie Mae and Freddie Mac?
According to a latest news report by Bloomberg News, mortgage giants Fannie Mae and Freddie Mac may seek further aid from the U.S. Treasury Department. So far, the two companies have used up $112 billion of the $400 billion in federal aid committed b...
House Passes New Financial Reform and Defeats Mortgage “Cramdown” Amendment
On December 11, the U.S. House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009 by a narrow margin of 223-202. The passage of the Act was a much expected fallout of one of the worst financial crises to plague our e...
The Affordable Financial Services’ Weekly Finance Review
After weeks of record-low mortgage rates, the mortgage rates are climbing back up again. This can be attributed to November’s unemployment report that showed a slight decline in the rate from 10.2 percent to 10 percent. While the decline was only m...

