Uncategorized
« Previous EntriesMy FHA Mortgage Blog
Wednesday, August 26th, 2009I just stumbled across this blog today, My FHA Mortgage Blog and thought they had a lot of great information to provide borrowers and lenders alike.
The concept of the site is really great. It allows for members of the lending community a chance to blog and speak up about their particular [...]
What is the Good Neighbor Next Door Program?
Thursday, March 12th, 2009The Good Neighbor Next Door Program is a HUD program for new buyers designed to aid in the revitalization of certain communities. In this program teachers of grades pre-K through 12, law enforcement officers, and firefighters/emergency medical technicians are offered incentives to purchase a home and live full time in communities dedicated to revitalization.
Eligible single [...]
It’s Official…
Wednesday, November 19th, 2008The limits for FHA loan amounts have been set for 2009.
The Housing and Economic Recovery Act of 2008 includes one provision that has set permanent increases to FHA loan limits.
The following are the increased limits:
$625,500 in high-cost areas
$271,050 in low-cost areas
$417,000 national limit on reverse mortgages (according to HUD)
$800,775 for duplexes in high-cost [...]
Do Your Research
Tuesday, October 21st, 2008Before you’re issued a driver’s license, you have to take a test. And whether you study by reading a manual or getting behind the wheel with a knowledgeable adult, you must first do your research, right? Otherwise you could end up in all sorts of problems, such as failing the test or even worse — [...]
FHA Modernization proposed
Thursday, July 24th, 2008Housing Tax Credit Program proposed by the HUD to modernize the FHA. Changes proposed include providing flexibility and cut costs.
“I want to thank FHA Commissioner Brian Montgomery and John Garvin, his Senior Advisor and Deputy Assistant Secretary for Multifamily Housing Programs, for taking a leadership role on this issue. This will assist [...]
Now wait just a minute
Thursday, July 10th, 2008Check out this article out of Washington.
A few excerpts:
From Sen. Christopher Dodd,
“My hope would have been that this bill we’ll send them is something the House could support — that’s still my hope,” said Dodd, who crafted the bill with Alabama Sen. Richard Shelby, the panel’s senior Republican. “We’re getting down to [...]
Legislative Help
Tuesday, July 8th, 2008Many homeowners are beyond help so says Treasury Secretary Henry Paulson. Foreclosure will occur in the foreseeable future for many homeowners as high housing prices and shady lending practices allowed for many of these individuals to purchase homes that they could not afford.
“Many of today’s unusually high number of foreclosures are not [...]
The Great White North
Tuesday, July 1st, 2008An agreement between the FHA and the Minnesota Housing Finance Agency was annouced today which is the first of its kind. The agreement is to promote affordable government-backed mortgages.
“For many years, people in the industry and in state government have expressed the need for a clear, mutually-agreed upon memorandum of understanding between [...]
So long Nehemiah?
Friday, June 27th, 2008It has been said that certain home loan programs which help in the assistance of down payments may be cut with the new housing bill.
Debates in the Senate going on right now will eliminate these Nonprofit Organizations while the House debates imposing new regulations on these programs. These programs have become very popular and [...]
FHA Mortgage Center.com – Best Blog Contest
Wednesday, April 30th, 2008I have recently entered a contest on FHA Mortgage Center.com in which they are trying to find who has the best FHA Loan blog. There is a list of the leaders and the sites that have also entered so be sure to check it out and vote mine up.
Vote for [...]
« Previous Entries