ARCHIVED BLOG POSTS
2009
DONOVAN ANNOUNCES RECOVERY ACT'S HOMEBUYER TAX CREDIT CAN IMMEDIATELY HELP THOUSANDS OF FIRST-TIME HOMEBUYERS TO BUY A HOMEFHA plan will stimulate new home sales and help stabilize housing market WASHINGTON - Speaking to the National Association of Home Builders Spring Board of Directors Meeting,...
05/29/2009
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just to be aware of the scamster out there important information The U.S. Department of the Treasury (Treasury), Office of Inspector General, is investigating incidences whereby individuals are using fraudulent Treasury-related financial obligations or accounts to attempt purchases or pay debts. ...
05/29/2009
below is the information collected from across the country by Fannie and Freddie mac in the process of buying loans. the information they collect is much broader and a greater pool of information than used in the case/shiller index. while showing a decline it does not sell as many papers if you ...
05/29/2009
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FEDERAL HOUSING FINANCE AGENCY REPORTS MORTGAGE INTEREST RATES Washington, DC - The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 18 basis points to 4.87 percent in April. The average...
05/29/2009
An explanation of the "FHA Loan Package" Parameters "Colilert or Colisure" - these are very similar tests that test for both total coliform and E. coli bacteria. An "Absent" result means that no coliform or E. Coli bacteria was detected (satisfactory). Total Coliform Bacteria - (Maximum Contamin...
05/27/2009
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below is infromation on fannie mea's program to help prevent forclosure thought it might be helpful A Loss Mitigation Option for Delinquent Mortgages HomeSaver AdvanceTM Updates Revisions to the HomeSaver Advance repurchase and cancellation policies, notes, and delivery requirements have been m...
05/23/2009
HUD ANNOUNCES SANCTIONS AGAINST MORE THAN 120 FHA-APPROVED LENDERSResulting in More Than $1.5 Million in Payments to HUD WASHINGTON - The U.S. Department of Housing and Urban Development's Mortgagee Review Board today announced actions against more than 120 lenders for violating FHA requirements....
05/23/2009
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ALTHOUGH THE GOVERNOR OF MONTANA VETOED THE LEGISLATION TO ALLOW MONTANA BOARD TO PUT TOGETHER A PROGRAM FOR FIRST TIME HOME BUYERS BORROWING THE TAX CREDIT FOR PURCHASING. IT APPEARS HUD IS GOING TO SETUP GUIDELINES FOR THAT TO OCCUR WITH FHA FINANCING THE ARTICLE BELOW IS FROM NAR Buyer Tax Cre...
05/18/2009
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How Billings market compares to other areas with similar median sales prices for 1stquater of 2009. THE INFORMATION SHOWS WHY I HAVE ALWAYS SAID THAT THE BILLINGS MARKET IS LIKE A HIGH GRADE BOND. IT DOES NOT PROVIDE FLASHY RETURN YET IT PROTECT YOU CAPITAL. WITH ALL THE TURMOIL IN THE MARKET PLA...
05/16/2009
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Your tax dollar at work.Two things to note in maiden lane2 (a federal reserve llc) 84% of the holdings are alt a sub prime mortgages of which they indicate that 57.8% are investment grade rated, 44.1% of the holdings are in Californian and Florida. The federal reserves analysis of sub prime an...
05/16/2009
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