|
| |
foreclosures: Will FHA Need a Bailout or Not? Who Am I Supposed to Believe? - 10/15/09 04:57 PM
Over the last month there's been a lot of back and forth on whether the Federal Housing Administration (FHA) is the next agency to need a bailout. Both sides of the argument agree FHA's delinquencies are rising and capital reserves are falling; but disagree on whether its current and future reserves are enough to withstand these rising delinquencies. This debate has me biting my fingernails as over half of my business is FHA loans, but with compelling arguments coming from either side, who do I believe? If you're also trying to wrap your mind around what exactly is going on, here's … (6 comments)
|
foreclosures: So You're Being Evicted because Your Landlord Foreclosed--Now What? - 03/12/09 12:41 PM
As foreclosure rates sky-rocket, the victims oftentimes lost in the shuffle are renters of foreclosed properties who get the boot after their home is foreclosed upon. Standard practice is to send an eviction letter via certified mail to the tenant giving them 30 days to evict the property once the foreclosure is finalized. Unfortunately, many tenants are not notified of the eviction until after the foreclosure, giving them only a few weeks to find a new home.
If finding and moving into a home in a few weeks isn't inconvenient enough, many tenants also loose their security deposit. In managing … (2 comments)
|
foreclosures: Nicole's Week in Review - 03/09/09 10:28 AM
The Obama Administration announced its Making Home Affordable plan last week which it hopes will help keep people in their homes, and sustain property values by reducing foreclosures. The plan has three initiatives -- the refinance initiative, loan modification initiative and low mortgage rate initiative. The first two initiatives were expanded on in last week's announcement -- I'm currently working acertaining all their details and how it affects the real estate market, so check back shortly for a post about the plan. In the meantime, you can read a preview of the plan I wrote prior to last week's official … (0 comments)
|
foreclosures: Nicole's Week in Review - 02/23/09 09:55 PM
The $787 Billion stimulus plan called the American Recovery and Reinvestment Act (HR 1) conquered headlines last week when it was signed into law on Tuesday, February 17th. Portions of the bill of particular interest to the real estate community are: The $8,000 First-time Homebuyer Tax Credit and $11 Billion Appropriated to USDA Rural Development Loans (click the links for details on those portions of the bill).
A day before our gargantuan stimulus passed, President Obama also announced details of his Homeowner Affordability and Stability Plan which he hopes will stabilize housing by reducing foreclosures and keeping mortgage rates low. … (0 comments)
|
foreclosures: Nicole's Weekly Wrap-Up! - 02/16/09 10:49 AM
The stimulus bill took over headlines last week as the Senate and Housed fleshed out their versions into one cohesive bill. Here's a wrap-up of news that affected the housing market, and what to expect this week.
Mortgage Rates
Last week was another volatile week for mortgage rates. They improved earlier in the week, but lost their ground later in the week and ended slightly worse than where they began. Last week's Bankrate.com 30 yr fixed rate average ended at 5.44% (last week's was 5.34%). Usually, bad news for stocks equals good news for mortgage bonds (i.e., interest rates) as … (0 comments)
|
foreclosures: Builders Make Timely Payments, and Banks Still Foreclose - 01/22/09 10:13 AM
During a time when we're all doing our best to meet financial obligations, apparently staying current on your notes isn't enough. Banks have recently begun foreclosing on builders with perfect pay history due to the slowdown in the housing market.
Dave Brown, has been a well-known builder in Tempe, Arizona for 33 years. Brown's home-building company, Brown Family Communities, naturally saw a decrease in their sales in 2008 -- down to fewer than 300 homes, from an average of 85 homes a month in 2005. Despite these troubled times, Brown never missed a payment on his loans. Regardless, JP Morgan Chase suddenly … (5 comments)
|
|
|
|
|
|
Nicole Lahti, Austin Texas Mortgage
Austin,
TX
More about me…
United Lending
Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759
Office Phone: (512) 592-5468
Cell Phone: (512) 507-8312
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)