fha: FHA is the Key to our Economic Recovery!! - 10/20/09 08:40 AM
The trend is your friend, or so I'm told. Mortgage rates going up? Watch the trend. Rates going down???? Watch the trend. I got into the business in 1994, but got serious with it in 1996. Needless to say, FHA was it! There were conforming loans, jumbo loans as well as … (8 comments)
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fha: Appraisal Insurance???? Consumer Protection PART II - 08/10/09 09:39 AM
OK....So we got the HVCC off of our chests Saturday when posting Appraisal Insurance???? With HVCC we need it PART I.
In Part I the discussion was about the effect that HVCC is having not only in the real estate community, but also, and more importantly, to the consumer. The impact … (7 comments)
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fha: Appraisal Insurance???? With HVCC we need it PART I - 08/08/09 10:59 AM
HVCC Sucks...this program has cost me a lot of money. But more importantly HVCC has blow a lot of deals due to inept appraisers. Through the random appraiser ordering selection process, bad appraisers are being selected and good appraisers are being neglected.
For Example: the HVCC selection gods sent an appraiser … (12 comments)
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fha: Non-Occupant Co-Borrowers....How Knowing the Rules Can Help You Obtain a Home Now!!! - 02/28/09 11:13 AM
Co-Borrowers are borrowers that sign in order to help the main or primary borrower qualify for a loan. The big hub bub in mortgage banking recently has been Non - Occupant Co-Borrowers. Non-Occupant Co-Borrowers are borrowers who will help the borrower guarantee the loan, but the Non - Occupant won't live … (20 comments)
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fha: FHA can help first time homebuyers who think that they'd never get in a home. - 01/17/09 09:22 PM
FHA has had some major changes this past year. The most negative one is that the downpayment has changed from 3 to 3.5%. But really that's the extent of negative changes. The rest of FHA and it's changes have been lateral or better.
FHA is the best thing out there. Really, … (10 comments)
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fha: 2008 Comeback of the Year......FHA LENDING! - 01/02/09 09:59 AM
It was hit. It was hit hard. It was was old, knocked down and Mick was ready to throw the towel in so as to protect Rocky, er HUD. HUD wobbled back to its corner and yelled..."Cut Me Mick.
It was such a great scene and the beginning of one of … (25 comments)
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fha: FHA Keeps Changing....the rule on keeping existing residences.... - 09/25/08 08:30 AM
Due to FHA's concern that some homebuyers in these transactions may attempt to provide misleading information regarding the rental income of the property being vacated to qualify for the new mortgage, FHA is instituting underwriting guidance designed to assure that the homebuyer can make payments on the full debt service of … (4 comments)
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fha: FHA...the time to act is now! - 09/03/08 10:26 AM
FHA mortgages are the best thing out there. Now representing over 40% of the market in this economy, this once dinasour of a program that was thought to be near extinction is now the buzz for most home buyers. What does FHA give you as a homebuyer?
1) The loan is … (2 comments)
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fha: FHA has massive changes forthcoming - 08/26/08 05:20 PM
FHA is now running as strong as ever. What had dwindled down to less than 3 percent of the market is now well over 40% of loan fundings in 2008. For all practical purposes FHA is now THE LOAN OF THE NEW MILLENIUM. Alt-A (or alternative doc loans are all but … (16 comments)
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fha: The Non - Occupant Co-Borrower - - - The Key To closing more homes! - 04/29/08 08:47 AM
With times not being what they were a year or so ago, we need to get creative in finding ways to getting people in homes. While many look for new ways and new programs to make a deal, many miss out on what's always been available to them.
A NON-OCCUPANT CO-BORROWER … (7 comments)
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fha: New FHA loan limits. Kane County is now $410,000!!!! - 03/06/08 09:44 PM
The results of the economic stimulus package is here. FHA has been debating over the last two weeks to determine if and what the new limits will be. Well....after much adieu, FHA today, announced that it has raised new loan limits in Kane County to $410,000. This is huge. However, in … (2 comments)
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fha: 730,000 FHA Limit? Unreal....stay tuned...sooner than later - 01/25/08 08:39 AM
Significant action is being taken by the federal government to stabilize the housing market - Hot off the press from our industry cooperative partners As part of the economic stimulus package being negotiated by House Democrats and the Treasury Department, Fannie and Freddie loan limits will increased for one year up … (1 comments)
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fha: United State Department of Agriculture (USDA Loans) - 09/14/07 10:17 PM
Check out www.rurdev.usda.gov. The United States Government started a great FHA parallel that allows loans for housing in rural areas. This website shows the exact areas that the rural housing development loans can be permitted. This can be such a great and powerful tool. You'd be surprised at some areas that … (1 comments)
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fha: FHA to $500,000???? Stay Tuned... - 09/14/07 09:08 AM
Wow, the news keeps coming out. Check out the latest news of FHA. I find it difficult to believe that something of this magnitude will get passed, but we can always hope.....I think that there is a lot that needs to occur in order for us to get FHA to insure … (2 comments)
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fha: More on Bush's Announcement - - Fannie & Freddie to Expand as well???? - 08/31/07 02:07 PM
Looks like there is more info to come...Fannie and Freddie are likely to expand as well.
… (0 comments)
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fha: FHA Update prior to the President's Announcement - 08/31/07 10:57 AM
MEMORANDUM FOR: All Participants in Ginnie Mae Programs
FROM: Michael J. Frenz, Executive Vice President
SUBJECT: Elimination of VA Loan Limit at Pooling
Ginnie Mae is pleased to announce that it is eliminating the restriction on the size of mortgage loans guaranteed by the Department of Veterans Affairs (VA) that can … (1 comments)
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fha: FHA as a Bailout - Pretty Amazing Adjusts here. - 08/30/07 11:38 PM
Reform is coming, but look at what's just around the corner....
As we mentioned on our last call, it appears that FHA will be implementing the program that Clem Ziroli Sr. of First Mortgage in California proposed last March. Below is the update that we prepared based on the information that we … (8 comments)
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fha: FHA UPDATES....NEED HELP!!!!! - 07/31/07 09:48 PM
I posted in the beginning of July this post here....FHA - Updates...critical news forthcoming. Since then, I have received numerous comments about the status of this update. See the comments....however....I had this distubing post that Bruce Bourgalt replied....HE SAID THAT HE HAD HEARD THAT THE 100% Provision had been removed from this … (4 comments)
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fha: FHA - Updates...critical news forthcoming - 07/10/07 10:51 PM
OK....I've been doing a little more research here....This is what I've found out. I have done some research and it appears that it is true that this new FHA reform bill is likely to pass congress this August. There are a myriad of things included in this bill....and it remains to … (10 comments)
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fha: FHA - Updates...critical news forthcoming - 07/07/07 11:38 PM
I commented on a post just recently about FHA. I was stunned in the response that I had received regarding the evolution of this bill that seems to be going nowhere slowly. But I received a great response from Mike Mapes....In his post,
http://activerain.com/blogsview/140728/FHA-Reform-Bill-of, Mike Mapes is talking of the modernization of … (10 comments)
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