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By Holden Lewis • Bankrate.com [...] So you’ve found your dream home, your offer just got accepted, and now you’re ready to rock n roll by starting on the loan and securing your rate on a Jumbo Mortgage. Then you hear what the rate is. Yikes! You ask your loan officer, “Listen buddy. You’re website says 5%! Why are you telling me [...] When looking for the best Texas mortgage rates , its very important to work with someone who follows the bond and MBS (Mortgage Backed Securities) markets. Now all this may sound like mumbo jumbo, so contact us if you need an easier clarification, however, basically from here on out, I will try to give out [...] By Amy Hoak, MarketWatch CHICAGO (MarketWatch) — House shopping usually slows down in the winter, as people put their home searches on hold to trim the tree, buy presents to put under it and avoid the chilly weather. This winter, however, might be different, thanks to the extended — and expanded — first-time home-buyer tax credit. “We’re going [...] Here is official information on the Homebuyer Tax Credit extension. First Time Homebuyer Credit general information on IRS.gov http://www.irs.gov/newsroom/article/0,,id=204671,00.html First Time Homebuyer Credit Questions and Answers on IRS.gov (This page includes Q&A broken out by basic questions, 2008 purchases, 2009 purchases and scenarios.) http://www.irs.gov/newsroom/article/0,,id=187935,00.html Mortgage Rates Hold Near Six Month Lows. Still Locking Loans by Victor Burek – [...] I have been getting a lot of inquiries from Realtors lately asking me how I always manage to avoid the unnecessary delays after the implementation of Regulation Z, so I figure I’d write a quickie on streamlining the processes and getting everyone to closing on time. Couple of things we do differently than other lenders: I always [...] The U.S. Department of Housing and Urban Development’s (HUD) Mortgagee Review Board (MRB) will “exercise restraint in enforcing new regulatory requirements under the Real Estate Settlement Procedures Act (RESPA)” for the first four months of 2010, the agency announced Friday. The MRB instructed its staff to exercise such restraint in considering an action against Federal Housing [...] Well the results of the fha audit are in and they’re NOT good. A while back I wrote a blog regarding the dire matter at hand explaining how FHA works and what to expect in the near future. Well, after the audit, FHA’s current Capital Reserve came back at 0.53% when in fact they are SUPPOSED to [...] |
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