USDA Guaranteed Rural Home Loan Update - 04/27/10 05:14 PM
I just received an email from the USDA regarding the status of Funding. Based on available, unobligated funds, they are looking at Funds exhausting around 5/7/2010. HOWEVER, since there are 2 Bills before Congress, and Congress is very aware of the situation, there is a chance that the USDA will once again issue Conditional Commitments. 
April 27, 2010
 Notice of Funding
 This message is to notify you of the unobligated balances of fiscal year 2010 program funding for the Single Family Housing Guaranteed Loan Program.
 As of April 27, 2010:
Purchase:       $1,046,482,690.77
Refinance:           $84,377,998.61
Total:                $1,130,860,689.38
 We anticipate funding will likely … (1 comments)

Homepath Property Alert in Multnomah County, OR - 04/19/10 02:44 PM
 
Homepath Property Alert in MULTNOMAH County, OR
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Homepath Property Alert in Washington County, OR - 04/19/10 02:35 PM
Homepath Property Alert in WASHINGTON County, OR
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Homepath Property Alert in Yamhill County, OR - 04/19/10 02:20 PM
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Simple Remodel Ideas - 04/19/10 01:04 PM
Looking for some simple remodel ideas? There is a helpful article in MarketWatch today that gives some nice tips on how to inexpensively makeover your home. These are good ideas for homeowners, as well as those looking at selling their home.
Included are things as simple as replacing locks and doors, to the high return items like remodeling the kitchen. It's interesting to note that a basic kitchen remodel has a higher rate of return than a major remodel does. The key seems to be to keep it simple.
By remodelling your current home, you might find yourself content to stay … (3 comments)

USDA Guaranteed Rural Home Loan Fees to Increase - 04/19/10 12:28 PM
Based on a couple of Bills that are before Congress, it looks like we can expect to see the USDA's popular Guaranteed Rural Home Loan program have increased UpFrontMortgage Insurance Fees in the very near future. According to an article in the National Council of State Housing Agencies, two seperate Bills have been introduced to extend funding, AND to make it more self-sufficient. The Bills are in committee.
Since this isn't a simple extension of funding, I would be surprised to see it passed soon. Hope I'm wrong. We also don't know the details. Will they continue to wrap the increased … (2 comments)

 

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