mortgage finance: Still Trying to Make Sense Out of the New GFE - 02/16/10 01:53 PM
Well- we are six weeks into using the new GFE and it has become very obvious that most of us in the real estate industry are still trying to figure it out!
Here are two examples of where you are left scratching your head wondering "WHY?"
First, did you know.... that according to HUD's FAQ Guide to understanding the new GFE that a signature line or attestation cannot be added to the GFE? The whole purpose of the new GFE is to hold lenders accountable for their charges and require us to disclose important facts about the loan. So, as a … (0 comments)

mortgage finance: USDA Rural Development and In-Ground Swimming Pools - 02/03/10 05:18 PM
Last May, RD made an announcement (AN 4442) that has for the most part, gone unnoticed by those of us in the real estate community, but has a significant impact for those buyers wanting a house with an in-ground pool. For years loan officers have coached agents about not putting offers with RD financing on a house with an in-ground pool, but that has now changed!
Section 1980.311 of the RD Manual states that in-ground pools are not allowed, but with this announcement, USDA RD showed how they can be flexible to buyer's needs and have put a provision in their guides that allow the financing of … (0 comments)

mortgage finance: FHA's Changes Will Raise The Cost for Your Buyers! - 01/25/10 02:17 PM
FHA's Changes Will Raise The Cost for Your Buyers!! FHA's recent announcement that they would be taking steps to enhance the FHA lending program by addressing risk and strengthening finances means that getting a new home loan is soon going to be a more difficult task! Even at a time when most Americans are needing extra help!
Here is a highlight of the changes that you need to know! I will keep a running total of how the higher cost will affect your clients.
1) First, FHA is reducing the allowable seller concessions from 6% to 3%! FHA states that this is to bring … (0 comments)

 

KEITH BARGER

Munford, TN

More about me…

PATRIOT BANK

Address: Millington, TN, 38053

Office Phone: (901) 872-8517

Cell Phone: (901) 497-5704

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find TN real estate agents and Munford real estate on ActiveRain.