fha: The Good News and Bad From The Housing Rescue Bill - 07/24/08 03:28 PM
Today, the Senate passed a bill many are calling the "Housing Rescue" Bill. The main purpose of this legislation is to attempt to help 400,000 homeowners avoid foreclosure while preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
Within this legislation there are two components that have the … (61 comments)
fha: The Death Of The Down Payment Assistance Program?? - 07/11/08 11:58 PM
I am shocked at the posts today on Active Rain. A major shock wave was sent through our industry with the potential to dramatically hurt us all, yet all I see today are the "same old, same old" posts.
Buried in today's overwhelming Senate passing of the Housing Bill was language that … (46 comments)
fha: How to Avoid the Top 5 Challenges of an FHA loan - 05/04/08 11:30 PM
It feels like nearly every deal we do today in my market involves an FHA buyer buying a bank-owned property. Although buying activity is great, this is a buyer/seller combination with its complexities. Spurred on by government-backing, during the credit crunch, and one of the only low-down payment options today, the FHA … (25 comments)
fha: Here It Is... The New FHA Loan Program - FHASecure - Mortgage Lates and 100%+ CLTV Allowed - 08/31/07 07:54 PM
Earlier today, I wrote about the President's new game plan on the mortgage crisis. George W Comes to the Aid of The Mortgage Mess - Are The Tides Finally Turning?? By day's end, FHA announced their new plan to help nearly 250,000 people save their home from adjustable rate mortgages that reset … (63 comments)
fha: George W Comes to the Aid of The Mortgage Mess - Are The Tides Finally Turning?? - 08/31/07 02:29 PM
A few days ago I blogged about the Fed Chief's ideas to help out the mortgage mess. The Fed Chief Chimes in On A Cure For the Mortgage Mess - Higher FHA Loan Limits is a Great Place to Start Today, the Commander in Chief has chimed in. George W came out … (9 comments)
fha: The Fed Chief Chimes in On A Cure For the Mortgage Mess - Higher FHA Loan Limits is a Great Place to Start - 08/30/07 12:58 PM
The Federal Reserve chairman, Ben Bernanke, came out today and offered his opinion on the cure for the mortgage mess. If the powers that be listen, I believe its the first step on the lengthy road to recovery. Bernanke suggested a wider range of mortgage products for low income and other borrowers who have … (31 comments)
fha: FHA Loans are Back and Just In Time--What You Need To Know About Them - 07/30/07 08:04 PM
When I first started in the mortgage business, at least one in four of all of my buyers got an FHA loan. The rates were fantastic, the down payment requirements minimal, and the credit requirements were close to meaningless. Most first-time home buyers got an FHA loan. In the last three years, … (19 comments)
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Today, the Senate passed a bill many are calling the "Housing Rescue" Bill. The main purpose of this legislation is to attempt to help 400,000 homeowners avoid foreclosure while preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
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