George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut

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Mortgage and Lending - George Souto NMLS #65149 FHA, CHFA, VA Mortgages - NMLS #65149

ARCHIVED BLOG POSTS

2010 

We were warned that as foreclosures increased, that Guideline changes would follow.  So the new Fannie Mae Guidelines for Foreclosures, Short Sales, and Bankruptcies should not come as a surprise.  Those that have tried to justify Strategic Defaults need to seriously rethink their position, becau...
09/10/2010
Yes you read the title correctly we now have FHA Minimum Credit Scores.  For as long as I have been a Loan Officer, FHA has not had minimum credit score requirements, but as of October 4, 2010 that will change, FHA will implement minimum credit scores for all case numbers assigned on or after Oct...
09/09/2010
Great news for towns that are in locations that USDA Loan can be done in, USDA Has Funding Once Again.  However, along with the new funding comes an increase the the USDA Upfront Fee from 2% to 3.5%.  Even with this increase in the Upfront Fee, USDA is a great Loan Program choice for those that a...
09/08/2010
There are major property issues when a marriage ends in divorce.  The same is true when two people who are not married purchase a property together and then decide to go their separate ways.  One of the issues that pop up all the time is how to handle the distribution of the equity in the propert...
09/06/2010
There are Positive signs for Connecticut Housing Market For First Two Quarters Of 2010 according to a University of Connecticut School of Business Report.  The University of Connecticut School of Business has released a report for the first two quarter on the Connecticut Housing Market, and they ...
09/04/2010
13 Comments
I am looking forward to the loooooooooooong weekend, and just sitting back and relaxing.  I haven't taken much time off this year, so I really look forward to three day weekend to catch up on some rest.  Hope you and you and your family take some time to do the same.     *************************...
09/03/2010
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