Everyone wants a stable, fixed rate mortgage in these times of falling housing prices and foreclosure crisis. Just Price Solutions, a nonprofit that provides secondary market capital, came up with an awesome piece of software accessible from the internet, allowing loan origination and underwriting that will ultimately get you that fixed rate 30 year mortgage you may be hoping for even if you have very little credit.

Just Price Solutions (JPS) underwriting system is automated. It performs prequalification evaluations of many products and a variety of funding sources, generates online approvals, and validates eligibility requirements of the borrower.

First-time homebuyers and even existing homeowners are matched to a all available public subsidies, grants, down payment assistance programs, private purchase and refinance loan products.

In some cities like Washington, D.C., a pilot mortgage program designed to make 30-year fixed-rate mortgages available to eligible District of Columbia residents with little or no credit history was launched. It’s called R-Home mortgage program and Just Price Solutions is one of the companies making this happen by using their streamlined way of evaluating and verifying the borrowers’ creditworthiness using alternative forms of
payment history like rent, utilities and child care payments. This in turn will provide increased access to stable 30-year fixed-rate mortgages for consumers without traditional credit histories.

CitiMortgage is the exclusive servicer of R-Home mortgage loans.
Jackson C. Cosey, Jr., Managing Director of Strategic
Markets Business at Citi’s Consumer Lending Group said:

“This is an important market that deserves the opportunity to have access to stable, fixed-rate mortgages. We understand that just because potential borrowers do not have FICO(R) scores, it does not mean they are not creditworthy. As with everything we do, this program will have very high standards and is intended for individuals with proven track records of payment for other types of obligations. That is why, not only are we proud to be a part of the R-Home
alliance, we also believe it makes good, responsible business sense.”

T.Boone Pickens announced today his energy plan for the Unites States. Pickens says his plan will reduce American dependence on foreign oil by 33% because his company Mesa Power will focus on renewable energy, specifically wind power as an alternative