Shay Campbell's Blog

Finally news from USDA, Rural Housing has arrived.  USDA released a letter dated August 23, 2010 to mortgage lenders saying Congress has given USDA the authority to increase the upfront fee to 3.5 percent of the base loan amount and to charge an annual fee of .50%.  Think of annual fee as monthly...

North Carolina has second lowest closing costs in the Nationfor home mortgages according to a news article in CNNMoney.com.  This is a fact that I have been telling my clients for the past 12 years that the cost of a purchase mortgage or the cost of doing a refinance is low in North Carolina.  Wh...

Yesterday, August 5, 2010, some good news and bad news from FHA was announced by David H. Stevens, Assistant Secretary for Housing/Federal Housing Commissioner in a special edition press release.  Congress this past week acted quickly and passed H.R. 5981 which changed mortgage insurance for FHA ...