Posts filed under Mortgages
on 03/12/10
Condo Loans Now Require HO6 Insurance
All CONDO LOANS, including those backed by the government, Fannie Mae & Freddie Mac, now require the buyers to purchase HO6 (contents/wall-in) insurance, and ...
on 03/03/10
Blog Author's Note: This article does not necessarily reflect Keller Williams' or my own point of view. But Robert brings up some key points that I thought would be interesting for would-be buyers ...
on 02/12/10
Buy Fast! FHA is Changing Its Guidelines!!
Starting this summer, the Federal Housing Administration (FHA) is tightening its lending guidelines as a way to shore up its finances. FHA loans are curr...
on 01/27/10
30-year Fixed Mortgage Rates Fall Below 5%
Two major economic stories this past week influenced mortgage rates favorably:
First, the news that China intends to slow down its economic growth to tr...
on 01/25/10
FHA Toughens Down Payment Rules, Raises Mortgage Insurance Premiums
The Federal Housing Administration (FHA) announced that will raise the minimum down payment required for its higher risk borrowe...
on 12/19/09
How to Get an Easy Mortgage Loan...
Many clients ask me the same question: How can I get better prepared to go smoothly through the loan approval process with a lender?
Great question! And one th...
on 10/19/09
Do You Know Your Mortgage PNPs? Savvy Borrowers Know Them Well...
If I had been asked this question yesterday, I would have returned a blank stare. I read last week a very informative article on I...
on 08/20/09
TO "LOCK" OR TO "FLOAT"?
It is very important for home buyers or for those who want to re-finance to be aware that in these volatile financial markets we are living in, interest rates on mortgages...
on 08/05/09
Keli McClarty from Atlantic Bank sent me a copy of this article, that I believe synthezises the new changes effected recently on the mortgage industry, and which are essential to keep in mind when ...
on 07/15/09
The Federal Government has been busy trying to regulate the mortgage industry to try to avoid the continuing debacle caused by the sub-prime mortgage debacle. In 2008, Congress passed the Home Owne...
on 07/08/09
On May 1st, Wells Fargo, one of the nation's largest mortgage lenders, decided to tighten its underwriting standards for 200 markets they considered as distressed or soft, requiring higher down pay...
on 06/08/09
Recent changes in the mortgage industry has made Fannie Mae (and most lenders) to review their pricing for conforming loand (under $417,000) to better reflect risk by adjusting their pricing (i.e. ...
on 05/28/09
Yesterday mortgage bonds had their worst performance since last October, and as a consequence rates climbed about a half of one percent! It appears that the Treasury has been issuing bonds (i.e. li...
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