mortgages: FHA EXTENDS 'ANTI-FLIPPING WAIVER' TO HELP STABLIZE HOUSING MARKET
- 01/28/11 11:29 PM
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight. With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation through January 31, 2011. FHA today posted a notice extending this waiver through … (4 comments)
mortgages: 2011 Green Wish list For Housing
- 01/05/11 01:23 PM
Over the years I have followed the Environmental Building News located at buildinggreen.com. This issue marks the 20th year for the publication. Their first article for the year "A Green Building Wish List: Policies, Trends, and Products for 2011 and Beyond" is a must read for all residential real estate professionals. I hope you will hit the link and take time to read this article on green housing, I think you will find this site an excellent source of environmental ideas for today's housing experts. This issue marks the beginning of our 20th year of publishing Environmental Building News. For two decades we've been … (2 comments)
mortgages: First-Time Homebuyer Credit Is Still Alive for Some Vets
- 12/15/10 04:35 AM
In the fall of this year, all eyes were on our industry and the last push to close loans under the First-Time Homebuyer Tax Credit (extension deadline: September 30, 2010). Like many of you, I took a deep breath after my last closing and moved forward. However, I let the provision for veterans and other federal employees fall by the wayside, and only last night while searching the Internet for mortgage data did I have my moment of clarity and realize that I had dropped the ball in marketing to my veteran clients. When Congress took action in November 2009 to … (0 comments)
mortgages: Where do mortgage rates go from here?
- 11/03/10 02:55 PM
The following article was published this afternoon in the Mortgage News Daily after the 2:15 pm eastern FOMC announcement. I have always tried to keep my customers educated on interest rate trends and rate lock timing as part of the loan process. Over the years I have followed many, many financial services, some free - some not so free. Recently, I have become a dedicated follower of Adam Quinones from MND. MND is a free service that you can follow by visiting their site http://www.mortgagenewsdaily.com/ or receiving their automated RSS feed. Long Bond Ripped as Fed Focuses Buys on Belly. DON'T PANIC!!! By Adam Quinones I'll get to the Fed Statement … (2 comments)
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Federal Housing Administration (FHA) Commissioner David H. Stevens today extended FHA's temporary waiver of the agency's 'anti-flipping rule.' The extension announced today is intended to accelerate the resale of foreclosed upon homes in neighborhoods struggling to overcome possible property abandonment and blight.
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