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fha loans: ATTENTION LENDERS and REAL ESTATE AGENTS/BROKERS - YOUR COMMENT TO FHA IS DESPERATELY NEEDED - AGAIN! - 02/25/12 01:49 PM
ATTENTION LENDERS and REAL ESTATE AGENTS/BROKERS - YOUR COMMENT TO FHA IS DESPERATELY NEEDED - AGAIN!
FHA HAS ISSUED A REPORT OR ANALYSIS OF THE COMMENTS RE:  LIMITING SELLER CONCESSIONS TO 3%.
CALL TO ACTION!
FHA is again determined to limit seller concessions in FHA financed transactions to 3% of the purchase price (or $6,000) whichever is more.  The sad thing is that they justify this move partly based on the false premise that VA limits seller concessions to 4%.  FHA has considered previous comments under the 2010 proposal and has determined that higher seller concessions contribute to buyer defaults.  This … (9 comments)

fha loans: VIRGINIA HOME BUYERS - WHAT UPGRADES CAN A HOME BUYER DO WITH AN FHA 203(k) LOAN?? Helping the Real Estate Recovery with Rehabilitation Financing. - 08/01/11 07:32 PM
VIRGINIA HOME BUYERS - WHAT UPGRADES CAN A HOME BUYER DO WITH AN FHA 203(k) LOAN??  Helping the Real Estate REcovery with Rehabilitation Financing.   You'd be surprised!!
YOU HAVE FOUND THE PERFECT HOME.  Great location, good condition throughout, wonderful community, close to shopping, in your child's school district and you would love to buy it. . .
BUT. . . The house is 40 years old and had the original kitchen.   You know that you'd love to buy the home but you also know that with down payment and closing costs, you won't have money left to replace the kitchen.  … (18 comments)

fha loans: FHA LOANS IN TROUBLE? ARE WE LOOKING AT ANOTHER LOG JAM IN MORTGAGE LOAN FUNDING? - 09/09/09 05:40 AM
                                           * * * *  HARD CORE REAL ESTATE TALK  * * * *
FHA LOANS IN TROUBLE? 
ARE WE LOOKING AT ANOTHER LOG JAM IN MORTGAGE LOAN FUNDING? 
WILL CONGRESS LET THE FHA POOL FAIL??
Are we in a time wharp where Congress simply cannot do ANYTHING right?  Haven't the Congressional representatives done enough harm to the American consumer??  Good grief! 
LOOK AT THE CONGRESSIONAL TRACK RECORD: 
Congress has dictated that mortgage companies underwrite loans destined to fail.  Congress has legislated the ability for Wall Street to make $Billions of profits through risky Mortgage Backed Securities … (59 comments)

fha loans: MONTGOMERY COUNTY MD HOME LOANS, FHA HIGHER LIMIT FOR MARYLAND HOME BUYERS - FHA Loan Limit $729,750 and 3% Down! - 03/31/08 05:54 PM
WELCOME TO THE NEW FHA LOAN.   OPPORTUNITY FOR MARYLAND REAL ESTATE BUYERS.
HAVING TROUBLE GETTING A CONVENTIONAL HOME LOAN APPROVED?  You bet!  Is the home you wish to buy in a "declining market"?  What's a "declining market"?  What's the solution? 
DECLINING MARKET.  Mortgage companies are smart.  While home prices in the Maryland real estate market have come down significantly, conventional mortgages have become harder and harder for buyers to get approved.  5% has become 10% and 10% has become 20%.  In designated "declining market" areas, areas where prices have declined, underwriting and appraisal guidelines are much more difficult than in the past 5 years.  … (10 comments)

 


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