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fha: Disappointed in FHA Secure - 08/11/08 07:58 PM
So, with all the horror stories of people losing their homes, rates adjusting, astronomical mortgage payments, job loss etc..., the government decides to formulate a new FHA program aimed at helpig borrowers who are 'facing foreclosure'.
The short version of the program is this: Borrower has an adjustable rate mortgage. Rate adjusts. They are late on some credit card payments and some mortgage payments, but want to keep the house. The idea would be, FHA would refi the loan to a lower, fixed rate and help keep that borrower from losing the house, which is supposedly a lose-lose situation.
First … (4 comments)
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fha: Zillow argument - 04/26/08 09:02 AM
I've been on Zillow Mortgage Marketplace since the day it went live (I think, must have been damn close).For the most part, I really can't complain about the system. I've gotten a few good leads, a definite closing, and hopefully a few more clients. I've also been active on the discussion boards, which is pretty fantastic too. I've met some really cool people, some of which may also be on AR- so I should probably check that out!
I got into a little back and forth yesterday with a couple of people, and I'm really not too sure why. This was the … (17 comments)
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fha: FHA offers $100 downpayment on HUD home purchases? - 04/03/08 08:35 PM
From what I hear, it's true. Any agents out there have some good REO's (HUD only, it seems... I could be wrong)? Maybe we could do some co-marketing??? :)
Let's get rolling on this! I know a lot of HUD homes are dumps, but that may not be true these days.
Some things have been done to add a little energy to the market- is anything going to work? I already know the loan limits being raised has proved to be huge up here.
Good luck out there!
Jennifer
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Jennifer Monastero
Danbury,
CT
More about me…
Polaris Funding Group
Cell Phone: (917) 340-9113
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Whatever I think about, I write about. Sometimes, it even makes sense!
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