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Lewis J. Corcoran
  • West Bridgewater, MA
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The Mortgage Interest Rate Lock Advisory for Massachusetts for February 16, 2010

The Mortgage Interest Rate Lock Advisory for Massachusetts for February 16, 2010Here are some of the events affecting mortgage rates today in Massachusetts.What Mortgage Backed Securities Are Doing Today:The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.94 this morning – the same as Friday’s close.At 9:30, the 4.5% MBS coupon was trading at 100.84 - down 3/32 from its opening.Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.5%…See More
Feb 16, 2010
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Lewis J. Corcoran posted a blog post

US Dept of HUD to Tighten Underwriting Requirements for FHA Mortgages

US Dept of HUD to Tighten Underwriting Requirements for FHA MortgagesFHA May Raise Credit Score Requirements, Reduce Seller Concessions, Increase Downpayment Requirements, and Increase Mortgage Insurance PremiumsThe Federal Housing Administration (FHA) is drafting new policies to address the quality of FHA's current portfolio of mortgages, to improve the performance of future loans, and to restore its capital reserve above its mandated levels.According to Shaun Donovan, Secretary of the U.S.…See More
Dec 3, 2009
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Lewis J. Corcoran updated their profile
Dec 3, 2009
Lewis J. Corcoran posted blog posts
Nov 5, 2009
Andrew F. commented on Lewis J. Corcoran's blog post The Senate Passes the Homebuyer Tax Credit Extension
"Let's hope the House and Obama pass this bill. It would be a big win for the Real Estate industry. Thank you for posting."
Nov 5, 2009
Lewis J. Corcoran posted blog posts
Jul 10, 2009
Lewis J. Corcoran posted blog posts
Jul 8, 2009
Lewis J. Corcoran posted blog posts
Jul 2, 2009

Profile Information

What is your home-buying status?
Just Browsing
If you are in the real estate industry, what do you do?
Mortgage Professional
If you are in the real estate business, what is your contact information.
Sr. Mortgage Consultant with
Star Mortgage
Phone Toll-Free: 1-800-984-3341
Website: www.LewCorcoran.com

Get daily mortgage interest rate lock advice at http://LewisCorcoran.com.
What's the most important first purchase for your new home?
Hardwood

Getting A Home Mortgage Loan in Massachusetts


Buying and financing a home is one of your life's biggest decisions, and it can be an intimidating endeavor. However, buying and financing a should be about you, your wants, needs and desires, as well as your expectations.

If you live Barnstable, Plymouth or Bristol county, I can visit you at your home or at any other location most convenient to you - and at a time that best fits your schedule. Or, if you prefer, we can conduct business by phone or by e-mail if that makes you feel more comfortable.

Representing people, not homes or loan programs - and understanding the difference - is my specialty. Not only will you get valuable insight and advice throughout the home buying and financing process, you will also be kept informed every step of the way.

Massachusetts Mortgage Loan Programs

The following mortgage loan programs are available for you in Massachusetts:

- FHA Loans
- VA Loans
- USDA Rural Development Loans
- Conventional fixed and adjustable rate mortgages
- Conforming Jumbo fixed and adjustable rate mortgages
- Interest only mortgages

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Lewis J. Corcoran's Blog

The Mortgage Interest Rate Lock Advisory for Massachusetts for February 16, 2010

The Mortgage Interest Rate Lock Advisory for Massachusetts for February 16, 2010…



Continue

Posted on February 16, 2010 at 3:30pm

US Dept of HUD to Tighten Underwriting Requirements for FHA Mortgages

US Dept of HUD to Tighten Underwriting Requirements for FHA Mortgages



FHA May Raise Credit Score Requirements, Reduce Seller Concessions, Increase Downpayment Requirements, and Increase Mortgage Insurance Premiums



The Federal Housing Administration (FHA) is drafting new policies to address the quality of FHA's current portfolio of mortgages, to improve the performance of future loans, and to restore its capital reserve above its mandated levels.



According… Continue

Posted on December 3, 2009 at 8:42am

The Houses Passes the Homebuyer Tax Credit Extension

The House Passes the Homebuyer Tax Credit Extension



The House voted 403 to 12 Thursday afternoon to extend the $8,000 first-time homebuyer tax credit until April 30, 2010.



The legislation will also expand the tax credit to include home buyers who are buying their second or subsequent home. The tax credit for existing or past homeowners will apply only to those who have owned and lived in their primary home for at least five of the last eight years. The… Continue

Posted on November 5, 2009 at 4:36pm

The Senate Passes the Homebuyer Tax Credit Extension

The Senate Passes the Homebuyer Tax Credit Extension



The Senate voted 98 to 0 Wednesday night to extend the $8,000 first-time homebuyer tax credit until April 30, 2010.



The legislation will also expand the tax credit to include home buyers who are buying their second or subsequent home. The tax credit for existing or past homeowners will apply only to those who have owned and lived in their primary home for at least five of the last eight years. The… Continue

Posted on November 5, 2009 at 8:57am — 1 Comment

The Daily Mortgage Interest Rate Lock Advisory – July 10, 2009

What the Mortgage Backed Securities Market is Doing Today:



The FNMA 30-Year 4.5% MBS opened down 11/32 this morning to 100.17 but quickly recovered.





The price of the FNMA 30-Year 4.5% coupon closed down 13/32 yesterday to 100.52 (as shown by the white line). MBS is currently trading up 5/32 at 100.69 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield goes down - and… Continue

Posted on July 10, 2009 at 12:46pm

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