www.lasvegasmtg.com Report: Republicans target increasing FHA Down Payment Part 2 - 05/26/11 02:45 PM
www.lasvegasmtg.com Report: Republicans target increasing FHA Down Payment Part 2
by John Le Francois
www.lasvegasmtg.com Report: Republicans target increasing FHA Down Payment was the main discussion held yesterday in the Republican led House Financial Services Committee. The Draft Legislation "FHA Rural Regulatory Improvement Act of 2011" Chairman Spencer Bachus (R) "This hearing is necessary to insure that government home loan programs do not expose taxpayers to significant losses."
In a previous article "Republican Politicians want FHA to Increase Down Payment" I wrote prior to the House Financial Service Committee hearing briefly outlined the increase from 3.5% to 5% for a FHA down Payment. … (0 comments)

www.lasvegasmtg.com Report: Republican Politicians want FHA To Increase Down Payment - 05/24/11 04:05 PM
www.lasvegasmtg.com Report: Republican Politician want FHA To Increase Down Payment
by John Le Francois
 
www.lasvegasmtg.com Report: Republican Politicians want FHA To Increase Down Payment from the current 3.5% to 5% and are proposing this through discussion on Wednesday Housing Financial Services Committee hearing led by Judy Biggert (R-Ill.) Last year Congress tried to increase the FHA Down Payment required, but it was removed from the bill when the President Obama threatened to veto the bill if left in.
The Republican led proposed increase to the down payment is based on the argument that FHA would not be in jeopardy of … (3 comments)

Las Vegas NV Area REO Real Estate Market Report & Homes for Sale April 2011 (includes Henderson & North Las Vegas) - 05/19/11 06:48 PM
Renee Burrows has provided a break down for REO Retail Marketing Statistic for Las Vegas, Nevada, North Las Vegas, and Henderson for April 2011. Inventory has shown a small increase from the month before. Offers have increased as well over last month contingent offers. Closing have seen a slight decrease due to a number of factors with underwriting, title issues, HOA demand delays and short sales all having it toll in the number of closings. To see if you can qualify for a home loan please contact me at 702-271-2659 or apply online.
Via Renee Burrows - Las Vegas Real Estate (702-580-1783) … (0 comments)

Welcome Home to GATED SW Las Vegas Community: Cottages at Southern Hills! - 05/18/11 10:02 AM
Renee Burrows has posted this great introduction to Cottages at Southern Hills a gated community. With greenbelt areas, close to schools, hospitals and the 215 will make coming home more enjoyable. Built by Ryland Homes in 2004 to 2005 this 136 home community is priced right in the mid $90,000 range. To see if you can qualify for a home loan call me at 702-271-2659 or apply on my secure online website.
Via Renee Burrows - Las Vegas Real Estate (702-580-1783) www.ShackDiva.com (The Force Realty -Realtor-Estate-Probate-REO-Short Sale):

To View Cottages at Southern Hills’ Newest Listings & Homes for Sale Click Here
… (2 comments)

Banks in Las Vegas dumping 1000s of Foreclosed Homes - 05/16/11 10:42 AM
Vegas Bob's post that Banks in Las Vegas will be dumping 1000's of homes will be welcome news for home-buyers but bad news for homeowners. With a flood of new homes coming on to the market it would be expected to see a decrease in home prices. With  this added to more defaults when the 5 year ARM'S start to reset expect to see a glut of new listings.
Via ROBERT (Vegas Bob) A.SWETZ - Commercial RE - Investments (REALTY ONE GROUP - LAS VEGAS, NEVADA ):
Harmon Building MGM City Center - Photo taken by Robert Swetz
Robert (Vegas Bob) Swetz … (2 comments)

www.lasvegasmtg.com report: $400 Billion Adjustable Rate Mortgages to reset. - 05/15/11 06:12 PM
www.lasvegasmtg.com Report: $400 Billion Adjustable Rate Mortgages to reset.
by John Le Francois
Linda Sterns a Journalist for Rueters this weekend reported that $400 Billion, that's Right $400 Billion in Adjustable rate Mortgages will be starting to reset. In 2006 at the height of home purchases the adjustable rate mortgage was the loan of choice and the most widely used ARMS were the two, three and five year ARM. In the last five years since the housing bubble started we have seen over 5 million homes foreclosed on across the United States. The next round may start when the five year … (0 comments)

 
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John Le Francois NMLS #333903

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