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fha: The State Of Mortgage Lending Today - 10/25/11 03:12 PM
The state of today’s mortgage lending is characterized by three major factors: market volatility, accountability, and challenges in selecting the right mortgage lending source.
 
Market volatility refers to both mortgage rates and home prices.  Mortgage rates, which depend on publicly traded bond markets for mortgage backed securities (MBS), fluctuate daily, if not several times a day, due to global and domestic economic events.  Threats of inflation, government borrowing, economic trends, foreign debt and trade, political unrest affecting commodity prices, stock market activity—all of these cause reactions in the bond market that affect mortgage rates.  Although rates are at all time … (0 comments)

fha: FHA's New Mortgage Insurance Premiums--Will This Affect Buying Power? - 09/02/10 04:12 PM
The answer is...yes it will, and it might be best for them to go under contract before October 4.
With the passing of H.R. 5981 and the resulting Public Law 111-229, FHA was given authority to change the amount charged to borrowers for both the Up Front and the Annual premiums. These changes as outlined in Mortgagee Letter 2010-28, are effective for all case numbers assigned on or after October 4th, 2010. Here are the 6 things you need to know about these changes:
The Up Front premium is now 1.0 % for all standard FHA programs (purchase money mortgages, full credit-qualifying … (2 comments)

 
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Kabir Mahadeva NMLS #182829 Alpha Mortgage www.kabirm.com

Asheville, NC

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