Mtg rate update Fri 8-27, economic commentaries - 08/28/09 01:47 PM
It's almost the end of summer!  Wahh!!  I get asked all of the time how we determine interest rates - please review the info below to learn how rates are calculated.  Here's a cool new website that you might find interesting - I heard about it this am and will be checking it out - it seems like it has some good content:  www.housingmatrix.com    As usual below the rate sheet are various commentaries to shed some light on what rates are doing and why.  Please let me know how I can be of assistance to your or your clients this … (0 comments)

Rate update for Fri 8-21, reminder on 8000 tax credit - 08/21/09 11:41 AM
Hey there - I wanted to keep you updated on what rates are doing - today's rates are published below - and further down the page are economic commentaries for this week - lots of stuff to stay on top of!  Please review and do let me know what questions you might have that I can answer - I'm also happy to offer to do research for you as well - no question is left unturned (for instance I had a question come up this week if we can loan to Felons).  Thanks again for allowing me to stay in touch … (0 comments)

Appraisal Update and FHA Condo Guideline Update - 08/20/09 02:54 PM
 
Topic: FHA Condominium Project Approval Process Reminder
 Reminder!   As previously announced, FHA has announced significant changes to their requirements for condominiums.  The following changes take effect for case numbers ordered on/after 10/1/09: 
1. FHA Spot Approvals will be eliminated.  Condos MUST be on FHA's approved list to be eligible for FHA financing.
2. Many projects will drop off the approved list on 10/1/09.   FHA plans to remove all projects approved prior to 10/1/08 from their approved list.  These projects will require re-approval by FHA 
3. FHA will limit the concentration of FHA Finance properties in any project to 30% of the total … (0 comments)

 
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Mary Taylor - Your Mortgage Loan Officer

Portland, OR

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