The Mortgage Lender, Implode - O - Meter talked about Washington Mutuals troubles today in their blog and also mentioned the Lehman Brother's filing for bankruptcy. Those are two more very large … [Read more...]
FHA Down Payment Requirement Increases…Effect First Time Home Buyers in Frisco
It's been talked about and it's not necessarily brand new information, but FHA down payment requirement is going up to 3.5%. No longer will closing costs be considered as part of the amount of money … [Read more...]
Fannie and Freddie Go Govie
It seemed like only a matter of time. CNN reported this weekend about the major change of leadership in our American financing department. The government stepped in to take over Fannie and Freddie, … [Read more...]
Wall Street News Provides Hope for Frisco Real Estate and Mortgage
There was a story out this week about Fannie & Freddie not needing an injection of capital from the US government, and that they have enough saved to weather the current problems. Wouldn’t that be … [Read more...]
Housing Fall! “Will the Real Slim Shady Please Stand Up”
W A R N I N G, opinion release!I read an article in the Dallas Morning News of a realtor who got out of the business because of the housing fall of 30% from the peak in 2006. They didn't have their … [Read more...]
FHA Mortgage Insurance Premium MIP Risk Based Pricing
One of the ways that FHA have chosen to combat themselves against increasing the continued risk of foreclosure is by increasing the costs for Mortgage Insurance Premium in the upfront and monthly MIP … [Read more...]
What’s In the Forecast For the Real Estate Market
In a Market Update written by Jennifer Eggen, Regional VP of Wells Fargo, she offered that before we see a market change, the housing market prices have to stabilize so that banks and investors can … [Read more...]
The House You Are Selling or Buying is UNIQUE, errrrrrrrrrrrrt!
In the recent 4-6 months, I have been in numerous transactions where my clients/buyers were buying a home and appraisal circumstances arose. I use the word circumstances because I don't want to use a … [Read more...]
Appraising a Home In a New Build Subdivision
"Right off the bat" I'm going to say I'm NOT an appraiser, but have a little bit of bones to pick. Talking to a new client today, I heard some unsatisfactory news. My new client is trying to refinance … [Read more...]
Free Bees for Delinquent Borrowers Thanks to the FDIC
In a blog report by Dan Caplinger he brought attention to more help that the FDIC/Federal Deposit Insurance Corporation would be bringing to current mortgage delinquent borrowers all over the nation. … [Read more...]
