ARCHIVED BLOG POSTS
2009
FHA Enhances Credit Policies, Announces Position of Chief Risk Officer Federal Housing Administration (FHA) Commissioner David H. Stevens announced plans to implement credit policy changes that will enhance the agency's risk management functions. FHA will hire a Chief Risk Officer for the first t...
09/21/2009
NAR Calls for Enhancements to FHA Appraisal Rules As a follow up to a September 8, 2009, meeting with Federal Housing Administration (FHA) Commissioner David Stevens, NAR President Charles McMillan sent a letter to the Commissioner recommending enhancements to FHA appraisal policy. As FHA conside...
09/21/2009
FHA DELAYS IMPLEMENTATION OF NEW CONDOMINIUM RULESMortgagee Letter 2009-19 provided guidance on the new approval process for condominium projects for mortgages insured by the Federal Housing Administration (FHA). The rule effectively places condominium projects in FHA's 203(b) Single Family Progr...
09/21/2009
IRS Says 1.4 Million Taxpayers Have Used Tax Credit The IRS has released IR-2009-083 reporting that about 1.4 million taxpayers have filed (or amended) their 2008 income tax returns claiming the $8000 first-time homebuyer tax credit. This is roughly consistent with NAR's projections that about 1....
09/21/2009
MONTGOMERY COUNTY MD LENDER OWNED FORECLOSURES There are 165 active listings of lender owned foreclosures (REO) available for purchase in Montgomery County MD Visit the following URL to see the report. Click on the listing number to see the full property description. Sort by column headers. U...
09/21/2009
FREDERICK COUNTY MD LENDER OWNED FORECLOSURES There are 55 active listings of lender owned foreclosures (REO) available for purchase in the county. Click the following URL to see the report. Click on the listing number for full details on each property. Sort by headings. http://mrislistings.mr...
09/21/2009
WASHINGTON COUNTY MD LENDER OWNED FORECLOSURES There are 57 lender owned foreclosures (REO) available for purchase in Washington County MD Click the following URL to see the report. Click on the listing number for full details on each property. Sort by headings. http://mrislistings.mris.com/Ma...
09/21/2009
PRINCE GEORGE'S COUNTY MD LENDER OWNED FORECLOSURES There are 318 lender owned foreclosures (REO), priced at $150,000 and ABOVE, available for purchase in Prince George's County MD. Click the following URL to see the report. Click on the listing number for full details on each property. S...
09/21/2009
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BALTIMORE CITY FORECLOSURES If you are interested in purchasing Baltimore City properties for rentals, now is the time. There are 342 active listings of lender owned foreclosures priced at $150,000 and below. Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/P...
09/21/2009
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Inflation and Mortgage Rates Remain LowA wide range of major economic data released during the week and comments from the Fed reinforced the consensus outlook for the economy. Economic growth appears to be on track for gradual improvement, while inflation is not a concern in the short-term. With ...
09/18/2009
