seattle: VanDyk Mortgage helps Homebuyers with REO's & Repo's & the Rehab too! - 08/05/08 09:56 PM
There is a little known program that is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. The Rehab loan. VanDyk Mortgage offers 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, … (0 comments)
seattle: President Bush compromise may help thousands of Homeowners out of trouble - 07/23/08 08:48 PM
Today, The White House announced that the President would lift his opposition to a Housing bill being voted on today in the House of Representatives. This bill includes several upgrades for homeowners accross America. It provides tax credits for first time homebuyers of up to $7500. Property Tax credits for other … (0 comments)
seattle: Indymac Bank Closure may hurt Seniors' retirement planning options - 07/12/08 05:26 PM
On Friday, July 11, 2008 the Federal Government closed Indymac Bank. It then reopened the bank under Federal oversight (FDIC) as Indymac FSB. This closure not only effects depositors and Home loan seekers, but it also means trouble for the largest Reverse Mortgage lender, Financial Freedom. Financial Freedom is a subsidiary of Indymac Bank, and was … (0 comments)
seattle: HUD changes allow home buyers to use FHA loans to Buy REO's/Bank Owned Homes - 07/02/08 12:07 AM
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure), AKA REO properties. REO stands for Real Estate Owned, which are essentially Bank Owned Repos. Outdated regulations from HUD to prohibit property flipping and … (0 comments)
seattle: FHA Jumbo or FHA Stimulus Size - what should we call it? - 05/18/08 11:33 PM
There is some confusion out in the media about the new FHA loan limits and just what to call these new loans. We have several investors that call these Stimulus Size FHA loans, and some call them FHA Jumbo loans. We just call them great loans.
These loans can qualify borrowers … (0 comments)
seattle: Comparing FHA Jumbo loans to Fannie Mae Jumbo Loans - 04/16/08 11:03 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA … (0 comments)
seattle: New Jumbos: Fannie or FHA? - 04/16/08 11:00 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA … (0 comments)
seattle: New Loan Limits released for FHA loans - 03/13/08 01:15 AM
New Loan Limits released for FHA loans HUD has finalized the new 2008 loan limits for FHA Government backed loans. The new limits increase the max loans for FHA from just over $368K up to $729,750. Although the highest amounts are for high cost metropolitan areas such as Los Angeles, New … (0 comments)
seattle: FHA Moves to the forefront in lending again - 03/13/08 01:11 AM
FHA moves to the forefront in lending again The past couple weeks have seen significant news for Mortgage holders, lenders, and banks. Loan amount increases are official (for details click here) for FHA, FNMA, & Freddie Mac loans. This will help hundreds of thousands of US homeowners get lower rates for … (0 comments)
Brian's Blog includes topics on Mortgage Lending, FHA loans, changes in lending guidelines, San Diego & Southern California Real Estate, Seattle Real Estate, Credit management, debt abatement, and more
;)
Links;)
Archives
There is a little known program that is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. The Rehab loan. VanDyk Mortgage offers 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, … (0 comments)
