the great recession: Pigs and Hogs Will Both be Busy This Week!
- 04/26/10 04:36 AM
FIVE DAYS LEFT! That includes today, to get a firm, legal contract in place and qualify for the credit (assuming you can close that deal by June 30th.) Contract must me in place by April 30th, this Friday. “Pigs get fat and hogs get slaughtered!” That’s what a property-investor client told me this week, describing the age-old saying in the investment community. He was counting his lucky stars as we closed 3 loans, refinancing his investment properties into 30-year fixed loans, each with a 4 on front of the rate. He was pointing out that this time we were the … (0 comments)
the great recession: News in Real Estate Abounds and Even Bigger Than...
- 11/02/09 02:52 AM
Plenty of news from last week and I mean even bigger than the Ducks’ smothering of the overmatched Trojans. In FHA and FNMA home financing news, the High-Balance Conforming Limits that were set to expire this year have been extended through all of 2010. This is big residential real estate news. This legislation means that Central Oregon FHA limits will remain at $417k rather than rolling back to the ~$300k level they were headed for. And for Fannie Mae loans, while the difference in OR between “standard” conforming ($417k) and “high-balance” conforming ($447k) is minimal, the difference in markets that often … (0 comments)
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