home loan az: Ted Knows Loans in Arizona - 05/12/20 06:04 PM

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home loan az: USDA Home Loan: Disclaiming Your Spouse’s Credit From Your Loan Application - 12/14/10 08:43 AM
USDA Home Loan: Disclaiming Your Spouse’s Credit
Non-Purchasing Spouse/ Disclaiming Spouse in Community Property States:
Except for debt obligations specifically excluded by state law, the debts of Non-Purchasing Spouse’s also known as a “Disclaiming Spouse” (Spouse’s that will not go on the loan) must be included in the borrower’s qualifying calculations/ ratios when the home buyer resides in a community property state or the property guaranteed is located in a community property state. The Disclaiming Spouse’s credit history is not considered a reason to deny a loan application. Click here for more information on USDA Disclaiming Spouse's Credit
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home loan az: USDA: Running Out Of Funds? UPDATE as of 06/01/10 - USDA NOW HAS FUNDS - 03/31/10 05:17 PM
USDA Running Out of Funds   As of 06/10/2010 - USDA now has funds available.  For more info go to : USDA Has Funds
It is well known that USDA is running out of money in May 2010.  However, one should consider the consequences to the depletion.  USDA has informed us that they are now leaning on $24 million dollars. When considering how much the program has gained in popularity, this amount will not go very far, if at all last until May. 
There is some cause for concern, however knowledge is king and it is not the problem rather the solution we … (5 comments)

home loan az: Short Sale And Home Loan Modification Assistance: Help is on the way, starting on April 5th - 02/10/10 03:36 PM
Short Sale And Home Loan Modification Assistance: Help is on the way, starting on April 5th
November 30, 2009, the Treasury Department released the guidelines and forms for its Home Affordable Foreclosure Alternatives Program also known as HAFA.  HAFA's intention, based on qualifying factors,  is to make it easier for homeowners, who do not qualify for a Home Loan Modification, to have the alternative of selling their home as a "Short Sale".  This will dramatically speed up the often long and drawn out process of having the lender approve the owner for a short sale.  By streamlining the process, HAFA will help to stabilize inventory … (8 comments)

home loan az: FHA Short Sale Guidelines: FHA hands down it’s verdict on Short Sales - 01/12/10 01:05 PM
FHA hands down it's verdict on Short Sales
There are a lot of schools of thought but just last week, FHA finally laid out it's decision on how they will determine if a homeowner is eligible for FHA financing after a short sale.  As I have said before, there are probably 10% of lenders that wil do this, the other 90% will not.  Keep you eyes open as the lending industry is about to get more strict.  My guess is that the 10% will likely cease to exist.
You should be careful to imply that this is somehow set in stone.  … (2 comments)