Christopher Shearer Check out the site here: http://www.ustreas.gov/news/index2.html print of the site: Homeowner Affordability and Stability Plan Fact Sheet The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities t
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02/27/2009
Christopher Shearer SUBJECT: Co-branded Outreach Materials With increased interest in the Federal Housing Administration, the FHA has developed a series of education and outreach flyers for lenders, real estate professionals, mortgage brokers, and housing counselors to distribute to pro
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02/27/2009
Christopher Shearer January 6, 2009 MORTGAGEE LETTER 2009-03 TO: ALL APPROVED MORTGAGEES SUBJECT: HOPE for Homeowners Origination and Servicing Guidance Supplement On behalf of the Board of Directors (Board) for the HOPE for Homeowners Program, HUD published o
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02/27/2009
Chrisotpher Shearer Check out these links: http://www.fhfa.gov/webfiles/1279/CLLarra022309_final.pdf February 24, 2009 MORTGAGEE LETTER 2009-07 TO: ALL APPROVED MORTGAGEES SUBJECT: Loan Limit Increases for FHA This Mortgagee Letter provides information on Federal Hous
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02/27/2009
Christopher Shearer Get Inside the Mind of the Consumer: Websites Every REALTOR® Needs to Know Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that co
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02/27/2009
Christopher Shearer Structuring the Purchase There are many different ways to structure FHA purchases. As mentioned previously, how you'll want to structure the purchase will be dependent on the amount of money the borrower has to use for the purchase. It's helpful to memorize the different area
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02/27/2009
Christopher Shearer FHA Available Programs and Product Options Product and program options are available in FHA insured loans and are referred to by their section number in the Fair Housing Act. Title I loans are second mortgages intended for renovation purposes, and are offered by only a few sp
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02/26/2009
Christopher Shearer An Opportunity of a Lifetime Warren Buffet says, "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." While Mr. Buffet was writing about buying stocks, the same can be said for housing today. Housing issues have permeate
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02/25/2009
v TO: ALL APPROVED MORTGAGEES SUBJECT: Revised Refinance Transactions The Federal Housing Administration (FHA) has revised a number of underwriting instructions regarding refinance transactions. These changes are designed to provide expanded alternatives for homeowners wishing to
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02/24/2009
Government Bail-out for Home Owners Before you file your taxes this year, don't forget about the $7500 tax credit for first-time home buyers, which was enacted by the 2008 American Housing Rescue and Foreclosure Act. Designed to help stimulate interest in the housing market, this temporary provi
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02/24/2009
