FHA Head: Don't Raise Down Payments

Tag: mortgages

FHA Head: Don't Raise Down Payments

From Daily Real Estate News, March 12, 2010 Now is not the time to raise the downpayment requirement on a Federal Housing Administration loan, warns FHA Commissioner David Stevens. Stevens, testifying before a committee of the U.S. House, said his agency would probably insure 300,000 fewer home loans per year if the mandatory down payment […]

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Weekly Kick-Off!

March 15, 2010 - This Week’s Topics: • Freddie and Fannie Bounce Mortgages Back to Banks • Unfinished Construction Offers Investors Another Opportunity to Profit • Builders Look to Prosper from Hidden Transfer Fees • Pittsburgh, Louisville Top List of Best Housing Markets • The American Culture of Homeownership • 30-Year Fixed Mortgage Rates Fall […]

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The long and short of short-selling homes

By Sean Sposito/The Star-Ledger February 17, 2010, 6:00AM ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield. Record high unemployment has put some borrowers in jeopardy of losing their homes. They are considering refinancing, home […]

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1/4 of All Mortgages are Upside Down

Feb. 23, 2010, 6:21 p.m. EST 11.3 million homeowners underwater on mortgage WASHINGTON (MarketWatch) -- More than 11.3 million homeowners -- nearly one-fourth of all Americans with a mortgage -- owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic. More than 10% of people […]

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Modern Day Ghost Towns

Jason Lankow on 2/12/2009 It may have seemed inevitable given the mortgage meltdown, but it is still shocking when you drive through a neighborhood that seems to be entirely filled with ‘For Sale’ signs. The cities here aren’t entirely deserted, of course, but they are examples of the cities that have been hit hard enough […]

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I Have Seen the Promised Land...

Can it be true? Is the 91 day FHA seasoning rule no longer in force? Are short sale investors about to enter the “Promised Land” and be able to sell their flips to FHA buyers? The federal government is so desperate to stabilize the housing market that FHA restrictions are being relaxed. It is good […]

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Home sellers frustrated as short-sale deals collapse

8/5/2009 2:17 PM By Stephanie Armour, USA TODAY http://m.usatoday.com/home/614019/full/;jsessionid=FF66A4C5571B70CBBCE6F823B6D8FCD9.wap1 Home sellers frustrated as short-sale deals collapse Scores of homeowners who thought they'd cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing […]

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Sell, Sell, Sell! (Show Your Real Estate Credibility)

You want to always have more than enough proof of your credibility because credibility is a huge factor in booking appointments with good leads and achieving successful closings. So, put together a sort of easy-access kit, if you will, to show prospects your proof of credibility. Make the kit organized so your client can clearly […]

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2nd Mortgages: Pesky or Painless

By: Josh Cantwell Why is it that negotiating with mortgage companies can cause us to want to pull our hair out, yet when we find a deal that has 2 mortgages, we are ecstatic? Weird, right? On the surface, it seems insane that we would be excited to have to negotiate with 2 mortgage companies […]

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Fannie, Freddie, and Indy

By: Josh Cantwell Hey guys, you've got to check out the latest article that I wrote regarding Fannie Mae, Freddie Mac, and Indy Mac. There's some crazy stuff going on that we all need to be aware of. Here's a sneak peek, but click the link at the bottom to read the entire article in […]

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