Restoring Higher GSE Loan Limits? - 10/21/11 02:28 PM
Senate has Passed a Measure to Restore Higher GSE Loan Limits
Late yesterday the Senate approved the amendment to restore the maximum loan limits on government backed mortgages to where they were two years ago; $729,750. Additionally, this restores the FHA loan limit to 125% of the median home price in low cost areas (it was reduced to 115%).
This would roll back the October 1 reductions in the Fannie Mae, Freddie Mac and FHA/VA loan limits in high cost areas.  
The goal with this is to get the housing market moving faster to play a part in the economic recovery.  … (3 comments)

Things to Know about Columbus Day - 10/10/11 01:01 PM
Today, we celebrate Columbus Day;the discovery of the New World by the Europeans who, until that point, believed the world was flat!Columbus Day Knowledge:
Columbus Day is sometimes also referred to as "Discoverer's Day” in the Bahamas, "Día de las Americas" in Uruguay, "Día de la Hispanidad" in Europe, and "Día de la Raza" in Latin American countries. Christopher Columbus discovered America in 1492. He originally set sail on August 3, 1492, but had trouble with the ships, stopping at the Canary Islands for a month. The ships left the Canary Islands on September 3,1492. He travelled with three ships: The … (0 comments)

IMPORTANT NOTICE- Funding of VA Loans - 10/05/11 11:36 AM
IMPORTANT NOTICE

 
 
 
Today we have seen a halt in the funding of VA loans until the VA Funding Bill is signed by Congress and
President Obama.  At this time the reduced VA Funding Fee has not been approved and it apprars that the reduced fee may not pass.  Without having the proper fees in place mortgage lenders are unable to properly disclose or collect the funding fee.
 
I want to make sure that all VA borrowers are aware of this and have our appoligies on the delay.  We are prepared to redislcose and close all our … (1 comments)

 
Me

Katrina Cole

East Grand Rapids, MI

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Success Mortgage Partners- Real Estate/Marketing

Address: Grand Rapids, MI, 49506

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