Our Thoughts

Mortgage Wars

While vacationing in California last week I met up with Tim and Debbie Howard, Northern Virginia friends who just happened to be staying at the same resort.  Tim, former Fannie Mae CFO, is the author of “The Mortgage Wars,” released last December.  During breakfast with Tim and Debbie I shared my personal “mortgage war.”  Long story short, my husband and I recently closed on a town home in Huntington Beach, but not before our lender had requested and we had delivered a paper trail for every dollar of the down payment.

Yet it’s some consolation to know that I am in good company….As Former Federal Reserve Chairman Ben Bernanke revealed on October 2nd at a conference in Chicago, he and his wife have not been able to refinance their mortgage on their Capitol Hill home!  Here are the more of the details.

Marjorie