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San Diego FHA Changes Effective October 4th, 2010
It is official. The bill HR 5981 has been passed and made into law.
Continue reading...Deflation, A Very Dangerous Possibility
31. August 2010
Wikepedia defines “deflation” as: In economics, deflation is a decrease in the general price level of goods and services.[1] Deflation occurs when the annual inflation rate falls below zero percent (a negative inflation rate), resulting in an increase in the real value of money – allowing one to buy more goods with the same amount of money. As inflation reduces the
Continue reading...Oregon FHA Streamline Refinance Offers Lower Payment/Interest
27. August 2010
Would you like your Oregon FHA mortgage payment to be smaller? Would you like to be paying less interest on your Oregon FHA loan? An Oregon FHA Streamline Refinance is the answer.
Continue reading...Arizona FHA Streamline Without Appraisal
20. August 2010
The FHA streamline without appraisal program is designed to help people with an FHA loan lower their rate and not require that they get an appraisal on the property. More information about the Arizona FHA streamline refinance program is also available for people living in Arizona.
Continue reading...FHA outlines “Short Refinance” program for underwater home owners
18. August 2010
A new FHA refinance program is targeting non FHA home owners that are upside down on their mortgage equity. There is now more information from FHA about the program and how it will work.
Continue reading...Bay Area FHA Loans after Collection, Judgment, Foreclosure and Bankruptcy
16. August 2010
In this post I am talking about eligibility guidelines for a San Francisco Bay Area FHA Loan after you have gone through Judgment, Collection, Bankruptcy or Foreclosure. FHA Loan after Collection and Judgment: FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before the mortgage
Continue reading...Critical Changes to FHA’s Insurance Premiums & How it Impacts Inland Empire Homebuyers
13. August 2010
HUD recently announced that starting October 4th, FHA is reducing the amount to be collected for their Up Front Mortgage Insurance Premium (UFMIP).
Continue reading...National Mortgage Licensing System online and ready
9. August 2010
All loan officers now have to be licensed through the National Mortgage Licensing System (NMLS) and the state they are doing business in unless they work for a national bank. So, if you are working with a loan officer you should find out if they are licensed. The NMLS now has an easy way to
Continue reading...Senate votes to increase FHA mortgage insurance rate
6. August 2010
Wednesday the Senate gave the Federal Housing Administration (FHA) the power to adjust its insurance premium structure as soon as the President signs it.
Continue reading...Senate votes to increase FHA mortgage insurance rate
6. August 2010
Wednesday the Senate gave the Federal Housing Administration (FHA) the power to adjust its insurance premium structure as soon as the President signs it. Touted as a method to help rebuild FHA’s depleted capital reserves this change could make a huge difference in mortgage payment for FHA buyers in Eugene/Springfield. The bill has already passed the house.
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2. September 2010
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