FHA Is Reducing The Maximum Loan-To-Value On Cash-Out Refinances

If you’re in need of a cash out refinance, the most liberal cash-out program in town is about to make qualification more difficult. Effective April 1, 2009, the FHA is reducing the maximum loan-to-value on cash-out refinances by 10 percent, dropping the loan size limit from 95% of the home’s...

Putin Meets Regan – Cant Knock the Hustle I Mean KGB

The Judo Champ himself caught undercover, in clasic KGB style in the former Soviet Union.  Who would thought the supper controller was once in the presence of the Great Reganator! Putin is the dude on the left with the tourist neck 1 kill...

New Home Sales Figures Show Unexpected Improvement

The national housing market got its third piece of good news in 3 days: Monday: Existing Home Sales up Tuesday: Home values appear higher nationally Wednesday: New Home Sales up And although national real estate statistics are irrelevant to the local markets in which real estate transactions happen, to a...

Mortgage Rates March 26, 2009 – Commanding Heights “Please Read”

Mortgage Rates and MBS show impressive gain after late day DOW rally and Ominous Uber Regulator static. Geithner Testifies Before House Committee and gives hint of over regulation. We went too far now the GOV must do the same.  Odd way of self correcting the former FREE Market.  Time to re-read Commanding...

10 Things That Appraisers Must Do For All FHA Appraisals Done After April 1, 2009

If the following appraisal guidelines look foreign to you, that’s okay, because this update is intended for Appraisers and Underwriters. 1. The Market Conditions Addendum (Fannie Form 1004MC/Freddie Form 71). 2. At least 2 comparable sales within 90 days of appraisal date. 3. A minimum of 2 active...