Kevin Whatley's (kwhatley1) Blog

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Mortgage and Lending - Universal Home Mortgage - NMLS License #113781
Planning to close on your home at the end of May? Plan ahead. Memorial Day is coming and the holiday may delay your closing. Memorial Day marks the unofficial start of summer and the 3-day Memorial Day weekend is a popular vacation time in real estate-related industries. Real estate agents tend t...
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the fifth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, d...
Tuesday, the government released its March 2012 New Residential Construction report.  The report is made up of three sections, each related to a phase of the “new home” market. The report’s first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the thre...
The Federal Reserve has released the minutes from its last FOMC meeting, a 1-day affair held March 13, 2012. Mortgage rates are rising on the news. For the un-indoctrinated, 3 weeks after it meets, the Federal Open Market Committee, the sub-group within the Federal Reserve that votes on U.S. mone...
Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today. Beginning next week, the Federal Housing Administration (FHA) is changing the way it charges mortgage insurance to U.S. homeowners. For the fourth time since 2010, FHA mortgage in...
Mortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric. Conforming mortgage rates in Shreveport and Bossier City dropped on the news, one week after posting a 5-month high. A major strike in Spain and growing unrest in Italy, both in oppos...
  Here are the IRS's top 10 tax tips for home sellers: 1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale. 2. If you have a gain from the sale of your main home, y...
The FHA is once again raising mortgage insurance premiums (MIP) on its newly-insured borrowers.  It's the FHA’s fourth such increase in the last two years. Beginning April 1, 2012, upfront mortgage insurance premiums will be higher by 75 basis points, or 0.75%; and annual mortgage insurance premi...
Are you looking to be more productive when it comes to your technology?  I found a great report that includes the Top 100 Apps for Real Estate Professionals and it's PACKED with killer tools and gadgets. Check it out, and tell me what works for you.   Here's the link:
Looking for a great way to connect with your past clients, current clients, family, friends or co-workers on their birthday in a way that will help them remember you and what you do for a living? You have to check out  Many of you may have used it, but not in this way. What we do...

Kevin Whatley

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