Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.
ARCHIVED BLOG POSTS
There’s a new FHA Streamline Refinance program coming on June 11, 2012 and lots of people are interested in it! It has a new “tier” for the FHA PMI rates – that is much lower than the current rates! Of course, FHA doesn’t actually make loans, they just insure the Lender against default. Becaus...
HUD (and Congress, and FHFA) is putting pressure on FHA to be more solvent, and less of a looming Risk on the Economy. Because of this, FHA Underwriting Guidelines, have gotten tighter, they've instituted changes in downpayment requirements for those who are higher risk... and they've continuall...