BofA to Repay TARP Funds and More FHA changes

by Rob Chrisman

I have decided to hold a press conference to confront stories that I was Tiger Woods’ mistress. I’ve never held one before, nor have I ever met the man, nor am I “inclined” that way. But I figure that now is a good time to jump on the band wagon, especially if magazines [...]

What Rates Are Doing Today

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 [...]

Buying A Home on a Deadline

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 [...]

2010 Home Buyers Tax Credit

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 STILL Low!

Mortgage Rates Hold Near Six Month Lows. Still Locking Loans

by Victor Burek – [...]

How WE Avoid Delays with Regulation Z

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 [...]

2009 RESPA Rules

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 [...]

Happy Veterans Day!

To all the Veterans that served our great nation, we HONOR you and thank you for your service and dedication.

Jumbo Mortgages- What’s Next?

Dire prediction for jumbos
Without federal help, default rate set to soar

By Steve Bergsman, Friday, November 6, 2009.

Inman News

In springtime, when all things hopeful and botanical bloom, there was a widespread sprouting of press announcements, particularly from the major banks, about increased dollars allocated to the business of jumbo loans.

Alas, the soil for such pronouncements has [...]

Tax Credit Extended!!!!

Published: Oct. 29, 2009
By Steve Cook Real Estate Economy Watch

Senate Majority Leader Harry Reid (D-NV) and Chairman of the Senate Finance Committee Max Baucus (D-MT), engineered the deal to include move-up buyers in the homebuyer tax credit.

A deal struck among key senators last night to extend the homebuyer tax credit will broaden the benefit to [...]