fha mortgage: FHA High Balance Limits Restoration in progress - 11/16/11 07:30 AM
Good news! In a compromise negotiated Tuesday, Congress agreed to restore the $729,750 conforming loan limit for FHA mortgages.
 
Some purchasers prefer FHA to Fannie and Freddie and some the opposite, but virtually every transaction that would have closed as a Fannie or Freddie loan can now close as an FHA loan.  FHA  allows for a lower down payment, and restoring the high balance loan limit for FHA probably does more to provide a vehicle for all types of home buyers than anything else. The extension will continue until December 31, 2013 and applies to high cost areas including all of … (0 comments)

fha mortgage: More Information in the Credit Report - 11/14/11 05:58 AM
 
Consumers applying for a mortgage will be sharing more of their personal information with lenders next year. 
FICO scores have been based on a person's credit history. But now, tools are being developed to help the lending industry dig deeper.
Fair Isaac Corp., and CoreLogic recently announced a joint project that will result in a separate score that will be available to mortgage lenders and will include payday loans, evictions and child support payments. In the future, the status of utility, rent and cellphone payments may also be included.
Experian, Equifax and TransUnion have recently begun providing estimates of consumer … (0 comments)

 
Carl Snyder (HomePlus Mortgage)

Carl Snyder

San Diego, CA

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HomePlus Mortgage

Address: San Diego, CA

Office: (619) 469-6824

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