Rodney Mason - Conv, FHA, VA, USDA, Renovation

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Mortgage and Lending - Guaranteed Rate - NMLS #151088

ARCHIVED BLOG POSTS

2010 

On April 27, 2010, Fannie Mae extended the deadline for its seller assistance incentive on all of its owner occupied HomePath REO properties.  This now gives buyer an additional 60 days to close and still receive the incentive. In January, Fannie Mae announced that it would begin providing a 3.5%...
04/28/2010
Today, USDA released an announcement concerning the availability of funding. As of April 27, 2010: Purchase:       $1,046,482,690.77 Refinance:          $84,377,998.61 Total:                 $1,130,860,689.38 Their expectations are that funds will most likely run out by May 7, 2010.  There are cu...
04/27/2010
According to a recent US Census Bureau report, Washington, DC has now overtaken Atlanta to be the 8th most populated area in the US.  Atlanta now drops one position from #8 to #9 after losing by a mere 1,028 residents.    The US Census Bureau reported that in 2009, Washington, DC had 5,476,241 re...
04/22/2010
Great post from Greg regarding real estate agents negotiating short sales and potential licensing issues.Short sales are the buzz for today's real estate professional as well they should be...estimates are that they will grow to be a substantial portion of the sales of homes in 2010 and 2011 with...
04/21/2010
The Georgia Department of Banking and Finance announced on April 16, 2010, that there will be an increase in the $6.50 per loan fee.  The announcement states: "The Department would like to bring to your attention that there will likely soon be an increase in the $6.50 per loan fees, required by O...
04/17/2010
On April 14, 2010, Fannie Mae announced that a new waiting period will be established for anyone with a short sale or pre-foreclosure sale.   The waiting period will vary depending on the loan to value of the transaction and whether extenuating circumstances contributed to the borrower's financia...
04/15/2010
On Tuesday, April 13, 2010, USDA sent out an announcement that funds were being exhausted at the rate of around $100 million per day.  They also urged everyone to contact their Congressman to impress upon them the importance of continued USDA funding availability.  This comes shortly after Congre...
04/14/2010
On Tuesday, April 13, 2010, USDA sent out an annoucement that funds were being exhausted at the rate of around $100 million per day.  They also urged everyone to contact their Congressman to impress upon them the importance of continued USDA funding availability.  This comes shortly after Congres...
04/14/2010
A recent hot topic in the mortgage industry in the last few weeks has been about the acceptance of electronic signatures.  There has been much debate over the use of these. On April 8, 2010, HUD issued a mortgagee letter clarifying it's position on this topic.  According to the announcement, "FHA...
04/10/2010
After a 2 year absence, Screen on the Green returns to Piedmont Park on May 27th.  The widely popular outdoor movie series will celebrate its 11th year back in its original home, Midtown's Piedmont Park.  A severe drought forced the series to move to Centennial Olympic Park for the last two years...
04/09/2010
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Rodney Mason

Licensed in AL, FL, GA, SC, & TN
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