ARCHIVED BLOG POSTS
FHA announced this policy via Mortgagee Letter (ML) 2008-25, dated September 19, 2008. HUD has instituted these changes quickly and on a temporary basis until they are able to perform additional analysis and determine whether permanent measures need to be taken. "Buy and Bail" Recently, FHA and ...
No Doc Loans are still available!The lending landscape has changed dramatically since the subprime crisis reared it's ugly head in July, 2007. One of the casualties of the subprime crisis has been the No Doc, Stated Income, and No Ratio loans that helped many qualified buyer purchase homes. Contr...
Mortgages are in the news again ...but this time, the news is good! Especially for people looking to buy or refinance a home, as interest rates have dropped to the lowest levels seen since April. You''ve probably heard that Fannie Mae and Freddie Mac were taken over or "bailed out" by the Federal...