2014: FHA 90 Day Flip Rule Extended Until December 31, 2014 - 01/11/14 09:05 AM
As a reminder, HUD has announced that the 90 Day Flip Waiver for FHA mortgages has been extended once again. On January 15, 2009, HUD announced a waiver to its restriction of a borrower being able to obtain FHA financing on a property that had been acquired by the seller in the 90 days preceding the sales contract date.
 
The initial Flip Waiver took effect on February 1, 2010. The expiration date of the initial Flip Waiver was set as 12 months from its start date. That originally had the waiver set to expire on January 31, 2011.  Prior to the … (1 comments)

2014: US Stamp Prices Are on the Rise Again - 01/04/14 01:21 AM

US Forever Stamp - www.usps.com
US stamp prices are on the rise for the fourth consecutive year.  On January 27, 2014, the price of a first class US stamp will rise from $0.46 to $0.49.  This $0.03 increase is the largest single increase by the US Postal Service since 1991.  The 2012 & 2013 increases were only $0.01 each year.  With the exception of 2010, US postage rates have risen annually since 2006. 
A 3oz first class package will remain at a cost of $1.95.  The postcard rate will rise $0.01 to $0.34, the cost of a first class stamp in 2001. 
The … (0 comments)