Archive for October, 2009
Get Pre-Approved for a Houston Mortgage By Lora Shinn With hundreds of thousands of homes in foreclosure or on short sale lists, there’s never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of expensive problems. Just ask Adam Melson of Philadelphia. Melson had…Read the Rest of Article
Tags: buyer mistakes, foreclosure, short sale
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A quick Friday fact from your Texas FHA Refinance Lender DID YOU KNOW? If a borrower will use the loan to complete payment on a land contract, contract for deed, or other similar type financing arrangement in which the borrower does not have title to the property, the new mortgage may be processed as either…Read the Rest of Article
Tags: fha, fha refinance, guidelines, land contract
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New FHA Mortgagee Letter: October 27, 2009 MORTGAGEE LETTER 2009-45 TO: ALL FHA-APPROVED MORTGAGEES, ALL HUD-APPROVED HOUSING COUNSELING AGENCIES ATTENTION: Single Family Servicing Managers SUBJECT: Introduction of HUD’s Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System The purpose of this Mortgagee Letter is to announce that the Department’s on-line, web-based training…Read the Rest of Article
Tags: california hud, fha mortgagee letter
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by Adam Quinones The National Association of Realtors released Existing Home Sales data this morning. Think about the materials that go into building and maintaining a home….WOOD, STEEL, PLASTICS, WIRING, PIPING, CONCRETE, GLASS, ELECTRICITY, FURNITURE, CARPETING ,ELECTRONICS, APPLIANCES….LABOR. How about the commissions earned by Realtors and mortgage originators who help the borrowers close on their…Read the Rest of Article
Tags: home sales, mortgage, New Home Sales
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by Erin Peterson Wednesday, October 21, 2009 provided by Grade yours on a 10-point scale. Nobody’s perfect. When it comes to our financial lives, we’ve all done things we later regretted — whether it’s getting slapped with a $3 fee for using an out-of-network ATM or going on a Las Vegas bender and losing the…Read the Rest of Article
Tags: credit card debt, credit cards, debt
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ARE YOU FRIKKIN’ KIDDING ME???????? They’re the damn guys that took all of our money and bought out troubled Countrywide and Merrill Lynch! I mean honestly folks- HOW IN THE HELL DO YOU GET BILLIONS OF DOLLARS FROM THE GOVERNMENT and STILL lose money???? Since the Countrywide acquisition, I personally withdrew all my money from…Read the Rest of Article
Tags: bank of america, countrywide, foreclosure, scam
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October 9, 2009 Mortgagee Letter 2009-39 TO: ALL APPROVED MORTGAGEES ATTENTION: Single Family Servicing Managers SUBJECT: Updated Claim Filing and Delinquency/Default Reporting Requirements For FHA’s Making Home Affordable Modification Program (FHA-HAMP) The purpose of this Mortgagee Letter is to provide updated claim filing and delinquency/default reporting requirements for the FHA Home Affordable…Read the Rest of Article
Tags: ausitn, dallas, fha, Houston, making home affordable, obama, san antonio, texas
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When will YOUR housing market recover? By Marcie Geffner Pundits love to make predictions as to when home prices will stabilize in U.S. housing markets. But even well-respected forecasters and analysts may disagree, and even if a forecast proves true nationally, your local market may behave in a wildly different way. This disconnect between broad-stroke…Read the Rest of Article
Tags: fha, fha loan, FHAloanhouston, home sales texas, home values texas, Housing Market, Houston, san antonio, texas
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In a previous post of mine, I outlined a problem that FHA has been currently dealing with, and today, on the front page of Yahoo, I found an article from the New York Times that gives a nice little update. I wanted to repost it so please take a moment to read this, as its…Read the Rest of Article
Tags: austin, fha, fha mortgage houston, fha trouble, Houston, mortgage rates houston, san antonio, texas
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