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fha loans: FHA and Fannie Pricing Adjustments - 01/30/08 09:45 AM
The most recent legislation regarding the home loan industry running through Congress has gotten a lot of press coverage.  Already through the House, it seems that raises in the loan limits for conforming loans and FHA loans alike will be pushing up to the $729K range.  Even if the new limits only last until the end of '08, I think this is great news for the housing industry and consumers.  
One thing that we haven't seen covered as much has been the new pricing adjustments that officially go into effect on March 1, 2008.   The adjustments come into play on … (3 comments)

fha loans: VA Loan Stats and Reports - 11/15/07 01:36 PM
Much like the resurgence of FHA home loans (which I, among others, have blogged frequently about), the subprime fallout has made the VA Home Loan a more popular option for qualifying homebuyers that have served in our military.  I try to keep up with a few industry blogs and one that has been forwarded my way a few different times by friends who serve is You Served.
Last week I noticed a post about a newly published statistics section on VA Loans from the producers of You Served, VA Mortgage Center.com.  It's an interesting read for anyone in the mortgage industry, especially … (0 comments)

fha loans: Realtors Should Shoulder Some of the Blame for the Subprime Fallout - 04/17/07 01:16 PM
I realize that this webspace is frequented by countless members of the realty industry, most of you are probably realtors yourselves.  As I've continued to read more and more news about the recent fallout of the subprime lending market, the fall of New Century, and the catastrophic predictions about what this will mean for American homeowners, I can't help but feel like realtors are being left out of the blame game.Many homebuyers are at the mercy of their realtors.  While the media (and I suppose the general public) has been quick to call out all the 'foolish' homebuyers that confidently jumped … (7 comments)

fha loans: FHA Loans Are Like Insurance Policies - 04/12/07 04:45 PM
Think of an FHA loan as an insurance policy.The federal government is not a loan agency — it does not make or buy home loans. So, prospective home buyers are not going through the Federal Housing Administration to obtain the loans they need to make their home-owning dreams a reality.Instead, the agency insures FHA loans, making sure that if you cannot pay the loan and wind up defaulting, the lender is covered financially.That way, knowing they've got some protection, lenders can feel free to offer customers better loan terms and conditions.The FHA helps people who might not otherwise quality for a … (1 comments)

fha loans: Expanding the American Homeownership Act - 04/06/07 02:20 PM
A year after its defeat in the Senate, a bill that would reform the Federal Housing Administration was reintroduced late last month in the U.S. House of Representatives.
The “Expanding the American Homeownership Act” would ease down payment requirements and increase loan limits for would-be home buyers. The same measure passed the House last summer but fell to defeat in the Senate. Undeterred, U.S. Rep. Judy Biggert, R-Ill., introduced the bill March 29.
“Foreclosures in the sub-prime market are on the rise and too many Americans are in the red,” the congresswoman told Reuters. “My bill will give low- and moderate-income … (1 comments)

 

Brandon Laughridge

Columbia, IL

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