http://mazzara.audioacrobat.com/rss/the-mortgage-minute.xml - PRWeb Press Release Group http://www.rsspad.com/rss2/19883.xml Venture Development-Minnesota's Premier Mortgage Broker has developed the Minnesota Mortgage Minute. We discuss credit, loans, the mortgage process, mortgage rates, mortgage calculators, and real estate. - Powered by PRWeb and RSSPad en xml@emediawire.com xml@emediawire.com 30 MN Mortgage Broker Interprets Pending "Housing Rescue" Legislation As Killing Off The First Time Home Buyer And Extending The Housing Crisis http://www.prweb.com/releases/Minnesota_Mortgage_Broker/MN_FHA_Loans/prweb1135554.htm Mortgage industry veteran shares her knowledge as it applies to Section 113 of the "Housing Rescue" Legislation eliminating down payment assistance (DPA) that is pending before congress this week. Our fragile real estate and mortgage markets will be impacted extremely negatively if this bill passes and is signed into law. FHA loans are now providing up to 40% of new loan originations and up to 30% of those loans are using DPA programs. It is estimated that between 300,000-500,000 families will be unable to purchase a home next year if this change becomes law. First time buyers will remain renters and homes will stagnate on the market unless we maintain the use of down payment assistance with existing FHA mortgage programs. Working class families and minorities are projected to be the groups most affected. (PRWeb Jul 24, 2008)

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]]> Thu, 24 Jul 2008 07:00:00 GMThttp://www.prweb.com/releases/Minnesota_Mortgage_Broker/MN_FHA_Loans/prweb1135554.htm The Naked Truth About Real Estate Investing-The Reality Of Buying Rental Property Fully Exposed http://www.prweb.com/releases/real-estate-investing/investment-property/prweb804104.htm Building long term wealth through real estate is accomplished over time through hard work and seizing opportunities as they present themselves. The time to act is NOW, while there is fear in the air and blood in the street. Investing in rental property and investment is NOT for everyone. The new book, "Reality Based" Real Estate Investing, will help readers determine if buying property is right for them and will provide the framework for success. (PRWeb Mar 31, 2008)

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]]> Mon, 31 Mar 2008 07:00:00 GMThttp://www.prweb.com/releases/real-estate-investing/investment-property/prweb804104.htm Mortgage Market Armageddon http://www.prweb.com/releases/2007/08/prweb545749.htm Minnesota and other states are enacting punitive laws regarding mortgages and mortgage brokers. These laws are reducing certain mortgage product availability. This in turn is actually increasing the housing downturn by reducing the number of available home buyers and thereby accelerating the number of foreclosures. In addition, Federal laws trump State laws. Federally chartered lenders-ie big banks-are able to avoid compling with onerous new state laws. A two tier system creates an uneven playing field and reduces a consumer's choices and limits options. (PRWeb Aug 10, 2007)

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