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 … (6 comments)

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)

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 … (0 comments)

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 … (0 comments)

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)

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)

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)

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)

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)

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)

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)

fha: Subprime going down the toilet....Don't flush away your revenues - 06/28/07 08:24 AM
Tired of all of your subprime loans going down the tube?  Too many crappy deals?  Don't flush your deals away.......Seek FHA as a viable alternative
-Can have a 30 year rate discounted 1, 2 or 3 percent for up to the first 3 years-HUGE!!!!!
-95% Cash out refinances
-FHA says no minimum credit score … (13 comments)

 
Mortgage Company: Larry Bettag - Cherry Creek Mortgage
Larry Bettag Illinois FHA Specialist
Saint Charles, IL
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Larry Bettag - Cherry Creek Mortgage

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