Tampa Bay Mortgage Minutes

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Mortgage and Lending - Tampa Bay Florida FHA, VA, USDA & Jumbo Mortgages - NMLS#237468

ARCHIVED BLOG POSTS

2009 

If you're thinking of buying a home, there could be a big bonus for you in the economic stimulus bill that's now before Congress...Again! Among its many provisions is a $7,500 tax credit for first time home buyers. The House passed the $819 billion stimulus plan, including this tax credit, in a ...
01/29/2009
We can only hold our breaths as DPAGroundSwell2 was launched January 16th to coincide with the introduction of H.R. 600, FHA Seller-Financed Dowpayment Reform Act of 2009, by Rep. Al Green (D-TX). H.R. 600 is the 2009 version of last year's bill (H.R. 6694) that would restore seller-funded downp...
01/18/2009
While the news reports all time low interest rates because of market indicators and market conditions, rates continue to rise...why is this? Well the Bottom line is, lenders and wholesalers alike are swamped. Over the past 24 months, operations staffs have been cut tremendously. Two wholesale len...
01/16/2009
  As laws and rules emerge on a state-by-state basis with regard to the revised Home Valuation Code of Conduct (HVCC), loan originators and appraisal companies are evaluating possible best practices to protect themselves from stiff penalties that have been tied to these new rules. While one optio...
01/10/2009
  Freddie Mac and Fannie Mae will implement a revised Home Valuation Code of Conduct beginning May 1, 2009. In an attempt to increase the reliability of appraisals, the revised code builds on existing seller-servicer guidelines and will apply to lenders that sell single-family mortgage loans to F...
01/10/2009
The Fed was back in the markets this morning aggressively buying Mortgage Backed Securities pushing prices higher as it tries to lower home loan rates. The Fed will be buying $500B of Mortgage Bonds - that equals approximately $4B in buying power each trading day...that is pretty good buying supp...
01/06/2009
Mortgagee Letter 08-40 communicates changes to FHA refinance transactions and are effective January 1st, 2009. Although this update includes guidelines that have not changed, I have listed the unchanged ones anyway as a review for those of you already familiar with FHA guides. Here are the 10 thi...
01/05/2009
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Joshua Lerette

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