Where do prices really stand? - 100% financing - Loan mod prospect #1 question - 06/27/09 03:31 PM
span lang="EN">Meltdown 101: Where do home prices really stand?
Is the historic U.S. housing market crash close to being over, or is the end still far, far away? Good read.   Home Buyer Tax Credit could expand
A first-time home buyer tax credit of up to $8,000 has helped to move housing inventory during an otherwise sluggish real estate cycle. Now both legislators and the business community are hoping to build on the incentive's success by expanding it. Read more   100% financing not available? - Wrong!
USDA financing (which we offer) allows for 100% financing PLUS seller concession closing cost. There is an upfront funding … (2 comments)

125%LTV refi's? - Non-warrantable loans - 203(k) summary - FHA loans at risk? - 06/19/09 03:53 PM
FHA lending criteria have become stricter, and the trend will continue I think. The divergence between FHA and Fannie/Freddie is still significant. and F/F are not likely to lower their standards! /// And now the surging demand for FHA loans is putting the program at risk. US watchdog warning. /// Make it a good week folks. Call me if I can help - Paul   125%+ refinances?
The Obama administration is considering allowing Fannie Mae and Freddie Mac to refinance loans with current loan-to-value ratios of 125%, or higher. Read more   FHA 203(k) rehab loans
203(k) loans are the perfect for home … (0 comments)

Rates heading to 6% - Buyer tax credit to $15K? - Borrow FHA down pmt - 06/13/09 10:27 AM
Rates are headed for 6.00%. In just 2 1/2 weeks much of the Fed's work to drive rates lower has unraveled. 5 reasons they might retreat - and why they might not. /// The homebuyer tax credit may be expanded in a number of ways. Let's also hope the Nov 30 deadline gets extented (See below) /// You can now publish my newsletter on your website with ann RSS feed. Go here to do it. /// Make it a good week folks! - Paul   Congress weighs tax credit expansion
Legislation introduced in Congress Wednesday would expand the First Time Home Buyer Tax Credit to any purchaser and … (7 comments)

Rates at 25 week high - Multi-family opps - Lowball appraisals - Credit repair - 06/06/09 07:47 PM
Rates are at a 25-week high. They increased again by 0.25% approx on Friday, peaking at just under 6.00% (no points) ///  Reminder that FHA loans with 560+ Fico and stated loans to max 70%LTV are still available /// Make it a good week folks! - Paul   Opportunity: multi-family development and condo conversions
Multi-family development and condo conversions are low-hanging fruit as the market recovers. High density housing, just beginning to gain steam before the housing downturn hit, is poised to be one of a handful of straws that stirs the soup, according to many housing industry experts. Read more. Note that I offer financing and expertise for … (1 comments)