ML 2009-28 Appraiser Independence - 01/29/10 11:02 AM
Effective for all FHA case numbers assigned on or after February 15, 2010
The New Appraiser Independence Requirements must be followed on your loan transactions
Prohibits FHA lenders from accepting appraisals prepared by appraisers who are selected, retained or compensated by mortgage brokers and commission-based lender staff. In addition, enforces appraiser independence by prohibiting the mortgage broker from having substantive communications with the appraiser regarding valuation, ordering, or managing the appraiser assignment.
 
… (0 comments)

Increase in Upfront MIP for FHA Borrowers - 01/27/10 09:29 AM
Have you seen Mortgagee Letter 2010-02, Increase in Upfront Premiums for FHA Mortgage Insurance
Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25%.  This policy change will increase premiums for purchase money and refinance transactions, including FHA - to FHA credit-qualifying and non-credit qualifying streamlined refinance tranactions.
Get your FHA Deals rolling before the new changes comes into effective.
www.ThomasMinetti.com
 
 
 
… (0 comments)

Tax Credit is Running Out only 100 days left!! - 01/19/10 07:28 AM
With the First Time Home Buyer tax credit being extended and expanded to include move-up buyers, prospective home purchasers now have an unprecedented opportunity right now...
Home prices are down significantly in most of the area of Virginia over the past 36 months.
Rate are at historic lows.  Never before could purchaser purchase homes at such affordable rates as we have seen in the past 12 months
The government is literally subsidizing the purchase with a credit up to $6,500 for move-up buyers and up to $8,000 for first-time buyers. 
Put these facts together and this means housing is the most affordable it … (1 comments)

FHA Waives 90 day No Flipping rule for ONE YEAR! - 01/18/10 08:35 AM
FHA Waives 90 day No Flipping rule for ONE YEAR!  This is great news for us in the Real Estate market in Virginia, Maryland and the District of Columbia.
We come across so many deals that are turned down because of the flipping role.  The new waiver, which takes effect on 2/1/10 should help heat up the market a little more.
Please let me know if you need a copy of the Waiver Requirements.
www.georgetownmortgage.net
 
… (1 comments)

House of the Century - 01/03/10 10:53 AM
Hello All:
If you have a client that is looking for the house of the Century you can't pass on this one!  The address is  http://www.draghiaconstruction.com Let me know what you think about this one!  If you have a client in the Washington Metro area that needs to build on their own lot with a European Style.  Other plans are available.
13608 Fifth Corps Lane, Fredericksburg, VA, 22407

Legacy Estate Home Offered at $3,990,000 $300,000 Finishing Credit Over 17,000 Square Feet 6.5 Acres Six Spacious Bedrooms Seven Full Baths Four Half Baths Heated Six Car Garage with Hot/Cold Water … (1 comments)

 
Minetti_thomas_cropped_head_shot

Thomas Minetti

Ashburn, VA

More about me…

Address: Greyswallow Terrace, Ashburn, VA, 20147

Cell Phone: (703) 403-3001

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find VA real estate agents and Ashburn real estate on ActiveRain.