ARCHIVED BLOG POSTS
The number of FHA loan applications is growing...surprisingly. In fact, for some bankers, that is all they are seeing happen. Why are so many people looking into these loans? There are several reasons and it all comes down to the overwhelming benefits of FHA loans. The number of FHA loans secured...
The White House and Congress, were able to reach a compromise that should offer significant support to the nation's struggling housing markets. The bill gives the Treasury Secretary power to inject capital into Fannie Mae and Freddie Mac, and provides for a federal agency to insure refinanced h...
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure), AKA REO properties. REO stands for Real Estate Owned, which are essentially Bank Owned Repos. Outdated regulations from H...
On Friday, July 11, 2008 the Federal Government closed Indymac Bank. It then reopened the bank under Federal oversight (FDIC) as Indymac FSB. This closure not only effects depositors and Home loan seekers, but it also means trouble for the largest Reverse Mortgage lender, Financial Freedom. ...