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portfolio loans: Mortgage write-downs - FHA MI increases (3!) - Mortgage app - Rates up - 03/27/12 07:44 PM
Fannie/Freddie are considering mortgage write-downsIn these so-called principal write-downs, a portion of the loan is forgiven for someone who's having trouble paying. Many Democrats like it, Republicans do not. More info
Rates upThe 30yr fixed rate mortgage averaged 4.08 percent for the week clearing the 4% barrier for the first time since October 27, 2011. Rates
FHA premiums up. 3 Increases:On 4/9 the upfront MIP will increase from 1.00% to 1.75%, and the annual MIP will increase as follows:
No MI portfolio loans, anybody?
Free app to calculate mortgage payments for your smart phone. It gives you the … (1 comments)
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portfolio loans: LLPAs up again - FHA premiums up again - 03/02/12 12:14 PM
You are not going to like this! Fannie Mae Loan Level Price Adjustments (LLPAs) just went up again, March 1st (See below) /// FHA mortgage insurance premiums are going up April 1st. /// In the next issue, a summary of the stipulations for converting a property from owner-occupied to non-owner occupied. /// Comments, questions? I'm open for business! – Paul Luykx, Mortgage Banker (What's a Mortgage Banker?)
LLPA increases
In 2007, Fannie Mae introduced "Loan Level Pricing Adjustments" (LLPAs). The concept is basic: For mortgage applications with higher risk profiles, there are additional up-front payments (or rate adjustments) to offset potential long-term losses. … (0 comments)
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portfolio loans: Features & Benefits of Portfolio Loans - 01/27/12 06:56 PM
Portfolio loans can be a powerful alternative to many common lending restrictions of the mainstream - Fannie Mae, Freddie Mac, FHA type programs. Because portfolio loans are retained by the lender and are not sold in the secondary market, lenders make their own, common-sense rules, specifically to offer alternate solutions. Below are the highlights. /// In the next issue, a summary of the stipulations for converting a property from owner-occupied to non-owner occupied. /// Comments, questions, service? Contact me. – Paul Luykx, Mortgage Banker (What's a Mortgage Banker?) Portfolio loan features/benefitsThe list below is incomplete because a portfolio loan can be "a fit" in so many unique circumstances. As you … (0 comments)
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portfolio loans: FHA, Conv, Portfolio (No PMI) comparison - HomePath incentives extended - 06/14/11 06:47 PM
FHA, Conventional, or Portfolio? Today I worked out the options for someone, and I thought I'd share it with you. With the increased cost MI, porfolio can make sense! (See below). /// Portfolio loans are now also available for investment, 1-4 unit properties. Great! /// HomePath is extending buyer incentives (See below). - PaulFHA, Conventional, or Portfolio?
HomePath buyer incentives extended- Initial offers must be submitted on/after June 14.- Primary residences only- Sale must close by October 31- $1,200 bonus available for selling agents - http://www.homepath.com/
_________________________________"Act as if what you do makes a difference"
William James
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portfolio loans: FHA limits to decline - Don't worry, be wealthy - New finance options - Market fundamentals - 06/05/11 09:42 AM
There are two types of financing to keep an eye on: Portfolio loans that offer unique, common sense lending criteria. (Last week I told you about pledged asset loans and no PMI, both to 90% LTV). There are many developments on the horizon that may have a drastic, positive impact. Stay tuned. The second type is mortgage-backed investment, cash investors basically who are willing to finance someone else's investment in return for a share of the profit. Currently used primarily for fix-flips, I see broader application. I'll keep you posted. - Paul
FHA loan limits to decline. FHA loan limits will likely … (0 comments)
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