Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast (Chart)

Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast (Chart)
Posted by on Apr 30, 2009 in Featured Articles, FHA, FTHB, Mortgage Rates, Say What? | 0 comments
It’s already May, and time for another Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast Loans closed in May will have first payment dates of July 2009. If April was a harbinger of things to come for May, Homeowners and Homebuyers will be the proud recipients of stable LOW Historic Mortgage...
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Mortgage Rates April 27, 2009 – Weekly Forecast

Mortgage Rates April 27, 2009 – Weekly Forecast
Posted by on Apr 27, 2009 in Featured Articles, FHA, Mortgage Rates, Say What? | 0 comments
Monday April 27, 2009 was a great way to start the week, as the FNMA 30 YR 4.0% MBS posted a healthy 18bp improvement today.  If the past 4 weeks dictate the future, mortgage rates will start and end the week essentially unchanged. For active home buyers who have yet to find the “right home”,...
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FHA Streamline Refinance – No Credit Score Needed

FHA Streamline Refinance – No Credit Score Needed
Posted by on Apr 10, 2009 in FHA | 5 comments
What Is A Streamline FHA Refinance The Traditional and Original FHA Streamline which I still offer consist of the following: NO Appraisal NO FICO Score NO Income Verification NO Asset Verification After reading that there is little to nothing in order to qualify; you are probably asking what’s the...
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Am I Eligible For Making Home Affordable Refinance

Am I Eligible For Making Home Affordable Refinance
Posted by on Apr 6, 2009 in Featured Articles, FHA, Financial Awareness, Random/Old BlOgS | 0 comments
Fannie and Freddie have officially announced and launched Making Home Affordable Plan Program! Making Home Affordable program “looks the other way” with respect to falling home values, approving mortgage applications based on borrower payment history and benefit to the homeowner. Not every...
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FHA Is Reducing The Maximum Loan-To-Value On Cash-Out Refinances

Posted by on Mar 27, 2009 in FHA | 1 comment
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...
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10 Things That Appraisers Must Do For All FHA Appraisals Done After April 1, 2009

Posted by on Mar 26, 2009 in FHA | 0 comments
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...
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