The primary purpose of this blog to discuss the changes to the consumer finance realm. FHA/VA loans, conventional loans and whatever else comes up.
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All Mortgage News-FHA/VA and Conventional | mortgageguynews.blogspot.com Reviews
https://mortgageguynews.blogspot.com
The primary purpose of this blog to discuss the changes to the consumer finance realm. FHA/VA loans, conventional loans and whatever else comes up.
mortgageguynews.blogspot.com
All Mortgage News-FHA/VA and Conventional: Mortgage Rates on the Rise for the Spring Shopping Season
http://mortgageguynews.blogspot.com/2010/04/mortgage-rates-on-rise-for-spring.html
Mortgage Rates on the Rise for the Spring Shopping Season. Mortgage rates have slowly begun to rise just as the spring home-buying time nears. This could be perilous to the recovery in housing markets. Mortgage finance company Freddie Mac said that the average rate on a 30-year home loan this week in the U.S. jumped to 5.21 percent, from 5.08 percent last week. It represents the highest rate for 30-year mortgages since Aug. 13, nearly eight months ago. The Federal Reserve's prior commitment was a big boo...
All Mortgage News-FHA/VA and Conventional: January 2010
http://mortgageguynews.blogspot.com/2010_01_01_archive.html
FHA Amends Anti Flipping Rule. FHA Amends Anti-Flipping Rule. On January 15, 2010, FHA made some changes to the June 7, 2006 anti-flipping policy on property flipping. While there were several exemptions to the rule, almost all applied to Banks and Financial companies. This change will directly impact the small investor who buys properties cheaply and repairs them for resale. Links to this post. FHA Amends Anti Flipping Rule. HUD considers Tax Credit for Downpayment.
All Mortgage News-FHA/VA and Conventional: November 2009
http://mortgageguynews.blogspot.com/2009_11_01_archive.html
New Update on IRS Tax Credit. Under $8000 Tax Credit. First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify. WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers. The maximum credit amount remains at $8,000 for a first-time homebuyer –– that is, a buyer who has not owned a primary residence during the three years up to the date of purchase. A taxpayer who p...
All Mortgage News-FHA/VA and Conventional: August 2009
http://mortgageguynews.blogspot.com/2009_08_01_archive.html
Third Largest FHA Lender Shuttered. Earlier this week it was noted that the Third Largest FHA lender. Taylor, Bean and Whitaker was abruptly shut down. The day prior their offices were raided by the federal government looking into transactions with its warehouse lender. Both FHA and Freddie Mac suspended purchasing loans from them. Fannie Mae banned them a year of so earlier. In fact, we are seeing some lenders raise their FHA minimum credit scores. Links to this post. So here the part where I tell you a...
All Mortgage News-FHA/VA and Conventional: December 2009
http://mortgageguynews.blogspot.com/2009_12_01_archive.html
Default, Then Rent? What is wrong with people? The Wall Street Journal had a recent article titled, “ Default, then Rent. 8221; What is going on with people values? Links to this post. Default, Then Rent? What is wrong with people? HUD considers Tax Credit for Downpayment.
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All Mortgage News-FHA/VA and Conventional
Get Your Auto Loan Instantly. There are some financial institutions that claim that they can provide you the loan within few minutes. Ask yourself, is that possible? Never Actually it takes time. The application take some time for proceeding, your credit report will be verified and if all the criteria are fulfilled then you are eligible for the loan. So, it is for sure that it take few days. As the name suggest, auto loan easy to get but some steps need to be taken to avoid any further harassment. If...
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