ARCHIVED BLOG POSTS
2010
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This is a Game Changer Folks! Borrowers are in "financal purgatory" until one minute AFTER closing because Fannie just announced that mortgage loans may have to re-underwritten if the back end ratio exceeds 45% OR (yes, it's an OR) the back end ratio increases by 3% (or more) from the original ...
08/17/2010
There's been a lot of conversation about changing the structure of FHA loans-and I wanted to let you know it hasn't happened...yet! Here's a quick synopsis on HUD Press Release 10-150: HUD Seeks Public Comment on Three Initiatives to Boost FHA Capital Reserves HUD is accepting comment on th...
08/04/2010
You probably have buyers sitting on the fence, waiting for home values to decrease! But with rates so freakin' low, you might want to PROVE to your clients why LOW INTEREST RATES matter. Use this info for your 1st time buyers--especially those wasting their money paying rent (www.ApartmentToolK...
08/02/2010