ARCHIVED BLOG POSTS
2010
2
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Is there a possibility of hope for people needed to do short sales and those wanting to buy a property that is in a short sale? Check out this article in realty times. Let's all contact our public officials and pressure them to pass this! http://realtytimes.com/rtpages/20100928_shortsale.htm...
09/30/2010
Fannie Mae just released a new bulletin announcing that they will allow 3.5% seller credit on their Home Path program on owner occupied properties. On top of that, they are offering a bonus to the selling agent. For full program details, check out their announcement at http://www.fanniemae.com/...
09/24/2010
Here's a handy reference chart, with the FHA or VA waiting periods, if they mention they have had a bankruptcy or foreclosure, deed-in-lieu or short sale. OR if you are listing a home and the seller is considering a short sale or deed-in-lieu, use the chart to advise them how long they may hav...
09/14/2010
So do you wait to see IF they will release a new homebuyer tax credit before buying a new home. Effective October 4, 2010, FHA will lower their upfront mortgage insurance premium to 1.00% from 2.25%. Sounds great right? Well, not so fast. They will be increasing the monthly insurance premium...
09/01/2010
2
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Prior to 2003, underwriters were required to dot all the "I"s and cross their "T"s. Then all hell broke loose - where anyone who could fog a mirror, was able to get a mortgage. Well, the pendulum has swung back the other way. Fannie, Freddie, FHA and even VA have issued more stringent rules and...
09/01/2010
Rainmaker
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Jayne Combs
Mortgage Analyst and Strategist