Ar_home_b_search
 



fha: Understanding the FHA Changes - 09/21/07 03:59 PM
 
This helpful email was a forward from Mortgage Mastery. 
Ok, this is going to be a long one, but please don't get glassy eyed :).   This is important and will affect your closings (for the good)!
IMPORTANT FHA NEWS!
The Senate Banking Committee passed by a vote of 21-1 the FHA modernization legislation this week.  Senator Dole was the only "no" vote largely in principle over the way FHA is implementing risk-based pricing (administratively without Congressional authorization).  The near unanimous vote virtually guarantees full Senate passage of the bill.  It will then go to conference to reconcile differences with the House bill that was … (1 comments)

fha: APPROVED - New FHA SECURE Mortage for Borrowers with Negative Equity - 09/10/07 11:48 PM
The Federal Housing Administration recently passed legislation approving a new program known as the "FHASecure" loan. This program is designed to refinance consumers who have fallen behind on Subprime ARM loans due to recent adjustments in the rate. The "Fhasecure" loan will help consumers with negative equity, or who cannot meet the payments when their ARM loan adjusts.  Expect to see the program available later this year.
At a glance, the FHASecure loan program will finance borrowers up to a 97.75% Loan to value. Up to 6 months past due mortgage payments may be included in the loan amount if the borrower qualifies.
A new … (5 comments)

 
Newhome

David Mordue - Wells Fargo - Kennewick (509) 736-2618

Kennewick, WA

More about me…

Wells Fargo Home Mortgage - New Construction Specialist

Address: 3311 West Clearwater Avenue , B 100, Kennewick, WA, 99336

Office Phone: (509) 736-2618

Cell Phone: (509) 572-0169

Email Me



Links

Archives

RSS 2.0 Feed for this blog