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On Friday, November 11, the nation will observe Veterans Day. This is a wonderful opportunity to honor America’s veterans for their patriotism, love of the country, and commitment to serve and sacrifice for the common good of the USA. Did you know Veterans Day dates back to November 11, 1918 when the Germans signed the [...] This week marks the official start of Summer. If your home’s outdoor area has furniture on it, you’ll want to make sure that furniture is clean. [...] The Federal Reserve released its March 15 meeting minutes Tuesday. The notes revealed a Federal Reserve split between optimism and caution for the U.S. economy. [...] The Fed Purchase Program is ending in March and the MBS (mortgage backed securities) market will be an open canvas to new investors. At the moment, the Fed is 92% complete with their program, and when they back out of it, this is going to attract investors that are going to require more yield. Well [...] If you are a first-time homebuyer, have less than perfect credit, or simply just do not have a 20% down-payment, then an FHA loan may be for you. We know everything there is to know about FHA loans. While FHA has been the hot and “new” topic for the past few years, we [...] For the most up to date mortgage market news, and free financing tips and advice, follow me on Twitter. For the most current mortgage news, tips, and rate updates… CONNECT WITH ME ON TWITTER (via HUD) New FHA Mortgagee Letter: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, D.C. 20410-8000 OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER January 22, 2010 MORTGAGEE LETTER 2010-04 TO: ALL FHA-APPROVED MORTGAGEES ALL HUD-APPROVED HOUSING COUNSELING AGENCIES SUBJECT: Loss Mitigation for Imminent Default The Helping Families Save Their Home Act of 2009 [...] Mortgage market is currently down 12 bps this morning, and equity markets are picking up the losses from last week. Existing Home Sales report came in around 16% lower in December at 5.45M, a lot lower than the 6M expected. The main thing in the news today is Ben Bernanke and his chances of a [...] Long, but very helpful… Increases in FHA UFMIP, monthly MI factor, and reductions in seller paid closing costs I’m sure you’ve heard through the grapevine all the recent changes that are going to be implemented with FHA loans. Basically now, regardless of consumers’ credit score and down payment, people will start seeing an increase in [...] |
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