Recent News Updates
Will Consumers Really Save Billions With HUD’s New Form?
19 November 2008 | 1:42 am
A few days ago we wrote about the new Good Faith Estimate form developed by HUD — a form which the government says will save consumers $700 per transaction, and also a form which is not required until January 1, 2010. In response, Marc Brinitzer with LendingClarity.com posted the following not...
Latest FHA Results Present Mixed Picture
18 November 2008 | 1:33 am
The use of FHA mortgages is increasing at a phenomenal rate, something probably not seen since the FHA program began in the 1930s. For the second two weeks of October, HUD reports that: ___99,197 would-be borrowers applied for FHA loans, up 79 percent over 2008. ___55,923 borrowers used FHA loans to...
3 Tips to Help You Find an FHA Mortgage Broker
17 November 2008 | 12:47 pm
FHA home loans are available from a number of sources, both from retail and wholesale lending institutions. While some may prefer the idea of a brick and mortar bank such as Bank of America or Well’s Fargo, many individuals still rely on wholesale channels to fulfill their mortgage needs. Rece...
Get Off The Fence - FHA Lenders Begin Preparing for Next Year’s Changes
17 November 2008 | 10:20 am
New FHA Loan Limits Earlier this month HUD had announced the new FHA loan limits set in place for January 1st 2009. If you’re still not sure about the ceiling and floor limits for your specific area, check out our recent post about the new loan limit guidelines. As we’re nearing the end ...
No Money Down Financing Remains, Alas
14 November 2008 | 1:32 am
Buying homes with nothing down is increasingly rare, a trend which should surprise no one. What should amaze folks is that in that in today’s financial environment so many buyers continue to purchase with no money up front. The National Association of Realtors is out with the 2008 edition of i...
