va jumbo loans: VA Home Loans: Foreclosures Down - 09/11/08 03:10 PM
While browsing the VA Mortgage website at http://www.homeloans.va.gov , I saw a press release from 6/12/2008 entitled: VA Reaching Out to Vets with Mortgage Problems.  According to the release, April 2008 Foreclosures were down by more than 50% of the level they were at in April 2003.  The nine regional centers … (4 comments)

va jumbo loans: VA Maximum Guarantee Remains Unchanged - 09/08/08 12:02 PM
I had written in a previous blog about calculating VA Jumbo Loan Down Payments entitled VA Jumbo Loans: Calculating the Down Payment .  There is good news regarding the "temporary" increase in the VA Mortgage Loan limits:  the VA's maximum guarantee remains unchanged through 12/31/2009 where the principal loan amount is … (2 comments)

va jumbo loans: VA Jumbo Loans: Calculating the Down Payment - 09/05/08 09:50 AM
VA Jumbo Loans: Over the last few years, the VA (specifically The Veterans Benefits Act of 2004) increased the maximum guarantee amount to $104,250 or 25% of the Freddie Mac conforming loan limit.  This allows Veterans to obtain 100% financing up to $417,000, and even more in select high cost areas.  … (0 comments)

 
General mortgage industry notes and musings. Occasional humor, but usually simply a failing attempt at humor.
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