Author Archives for Robert Hyder'

About Robert Hyder

Robert Hyder is the web editor and contributing web content writer for Total Mortgage Services, LLC, as well as all related sister sites. Total Mortgage Services, LLC is an industry leading mortgage broker and lender headquartered in Milford, Connecticut. Hyder has been a mortgage and financial services expert since 2005, working for prominent corporations such as Citigroup and Northwestern Mutual Financial Network. Hyder’s outside interests include spending time with his children, and watching and continuously learning about the great game of baseball.

Mortgage Rates, Home Values and Mortgage Approval Rates All Low

April 11, 2011 1:52 pm Published by Leave your thoughts

What good are today’s low mortgage rates if existing homeowners cannot refinance or prospective homebuyers cannot purchase their dream home because they don’t qualify for a mortgage loan? That is exactly the scenario that is playing out day-after-day across the country as only the most highly qualified borrowers are eligible for financing. According to the... View Article

Difficulties in Qualifying for a Mortgage

January 13, 2011 10:35 am Published by Leave your thoughts

Despite mortgage rates remaining well below 5 percent for the better part of nearly two years, there are several obstacles that stand in the way of potential borrowers obtaining a mortgage loan. Since the housing collapse, it has become increasingly more difficult for borrowers to gain approval to purchase or refinance a home. Underwriting guidelines... View Article

Housing Forecast for 2011

November 22, 2010 12:57 pm Published by 1 Comment

Although housing prices have essentially stabilized nationwide, it should not be assumed that housing prices will soon begin to rise again. In fact, the complete opposite is far more likely for at least another 12 to 18 months. And, there are a few compelling factors to bolster this claim. First, foreclosures continue to litter the... View Article

Housing Recovery Status Report

June 1, 2010 10:37 am Published by Leave your thoughts

To many, April’s housing figures seem to indicate the housing market is firmly on the mend. With Americans purchasing new one-family homes at a monthly increase of 15 percent from the previous month and nearly 50 percent from April 2009, in addition to an overall sales increase of an unanticipated 7.6 percent from March, these... View Article

Foreclosures Figures Indicate Annual Decline of 2 Percent

May 14, 2010 8:29 am Published by Leave your thoughts

The seemingly endless number of foreclosures have not totally ceased, however, they have lessened. For the first time in five years, the annual number of foreclosures fell by 2 percent from this time last year. According to a report from RealtyTrac®, an Irvine, CA-based company specializing in information pertaining to distressed real estate, foreclosure activity... View Article

Financial Reform Takes Bipartisan Approach

May 6, 2010 9:43 am Published by Leave your thoughts

Bipartisanship at its best! Yesterday, Senator Christopher Dodd (D-CT) announced a bipartisan arrangement that outlines how the federal government will unwind failing banks. Essentially, Congressional leaders have declared an end to the theory that any one bank is “too big to fail.” Tracing its roots back to the origins of the housing crisis, this deal... View Article

Appraisal Fraud on the Rise

May 5, 2010 10:35 am Published by 1 Comment

Despite the establishment of the Home Valuation Code of Conduct (HVCC) that took effect May 1, 2009, fraudulent appraisals have nonetheless increased. Created to improve the accuracy of the home appraisal process, the intent behind the HVCC was to reinforce appraisal rules and avoid the over-inflated housing values that ultimately caused the economic crisis the... View Article

Geithner Has Strong Words for Mortgage Servicers

April 30, 2010 10:39 am Published by Leave your thoughts

U.S. Treasury Secretary Timothy Geithner criticized mortgage servicers yesterday for not doing enough to help troubled homeowners avoid foreclosure. In a prepared statement before the Senate Appropriations Committee, Geithner said, “We do not believe servicers are doing enough to help homeowners; not doing enough to help them navigate the difficult and frightening process of avoiding... View Article