Ocean City, Maryland Mortgage Lenders and Home Loans - Professional Mortgage Services, Inc.

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2014
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2013
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2007
- December
  - Mortgage Market Meltdown Melts Morgan Stanley Again
    12/21/07
    The Mortgage Market Meltdown. Such an incendiary phrase, no pun intended. People immediately think the worst, and possibly rightfully so. The truth of the matter is that the problems in the mortgage market have come back to bite Morgan Stanley again.
    
    Morgan released a statement announc
  - Mortgage Industry Changes
    12/19/07
    The mortgage industry has been phenomenally fluid for the past 5 months. Lenders are still closing their doors, while others are opening new Regional Offices. Loan programs are changing daily, with guidelines typically tightening. Some programs just go away.
    
    We all remember the "L
  - Was the Fed's Cut Enough?
    12/12/07
    Yesterday the Federal Reserve Open Market Committee (FOMC) decided that the economy needed a little boost and reduced the Fed Funds rate by 0.25%. This is the rate banks charge each other for overnight loans. The 1/4 point was widely anticipated, but the FOMC didn't deliver the 0.50% the mark
  - Washington Mutual Next in Line
    12/11/07
    Washington Mutual Inc. (WaMu) announced huge layoffs and massive write-downs yesterday. WaMu, one of the nations largest lenders, is the latest to be affected by the downturn in the lending industry.
    
    WaMu has been one of the most aggressive lenders in the country, continuing to market th
  - The Federal Reserve - How Much is Enough?
    12/10/07
    Well, The Federal Reserve Open Market Committee (FOMC) meets tomorrow, and the debate among the experts is whether or not they will cut rates .50% (50 basis points) or .25% (25 basis points).
    
    My money is on .25%. For what it's worth, I think the Non-farm Payroll Report last Friday w
  - Will the Federal Reserve Cut Again?
    12/04/07
    The Federal Reserve Open Market Committee (FOMC) meets next week for their last meeting of 2007. As always, the ecomomists and Fed watchers are chattering about the direction the Fed will take regarding interest rates.
    
    Most of us are hoping for a rate cut, thinking it will stimulate the
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