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Slow week, a little bit of fun

Friday, July 6th, 2007

Slow news week for the FHA so I have decided to post up a couple clips from youtube.com.
This first clip is Alec Baldwin in Glengarry Glen Ross.
Always Be Closing
It does have obscenity so here’s your warning.
This second clip is from Boiler Room.
Ben Affleck’s motivational speech
Again watch for […]

Books, check’em out.

Thursday, July 5th, 2007

As I have blogged about before, reverse mortgages are becoming more and more of an option of the baby boomer generation. They allow the homeowner to earn a credit line or monthly check from the equity in their house.
Reverse Mortgages: growing opportunity for today’s seniors

Period numbers down

Tuesday, July 3rd, 2007

Fewer Americans are taking advantage of FHA Loans from the previous year. In FHA Lending from October of 2006 to May of 2007 the FHA has seen a 35% declining in the number of loans insured over the same time frame from the previous year. During this period the FHA insured $2.33 billion […]

MLB to pay tribute to Military, past and present

Monday, July 2nd, 2007

Major League Baseball, for the second year in a row, is planning on a salute to the military for all July 4th baseball games. There will be pre-game festivities including fly-overs, color guard performances, and first pitch ceremonies to name a few things. There will also be many Public Service Announcements from the […]

But it’s not even my birthday

Friday, June 29th, 2007

Happy Birthday, FHA! Today is the 73rd birthday of the Housing and Urban Developments program, the FHA.
“FHA has given millions of families the opportunity to pursue the dream of homeownership,” said Deputy Secretary Bernardi. “Our goal is to continue our education and outreach efforts while also retooling and refining FHA to […]

Reverse industry boom

Thursday, June 28th, 2007

Reverse Mortgages are becoming increasingly popular amongst the Baby Boomer generation. The market for reverse mortgages is also projected to increase throughout time as more and more Americans are living past the age of 62 and need help with their retirement. The number of reverse mortgage users is looking to exceed last year’s […]

FHA wins

Wednesday, June 27th, 2007

In a stunning upset, FHA backed loans produced fewer foreclosures than subprime loans. No one could have predicted this magnificent upset as subprime loans had more than twice as many foreclosures as their FHA loan counterpart.
These loans are very much the same as both recipients are first time homebuyers and possess less […]

Little guy could lose out again

Tuesday, June 26th, 2007

Lower to middle class down payment assistance could be a thing of the past. Not that the system had been around that long, 1997, to be exact. Since the first down payment assistance program started, with Nehemiah in 1997, these programs have been able to grow to over 40% of the Federal Housing […]

Popular amongst the retired crowd

Thursday, June 21st, 2007

An overwhelming number of seniors are taking advantage of reverse mortgages throughout the country. 300,000 seniors are taking advantage of the opportunity to make their home work for them. By taking advantage of the Home Equity Conversion Mortgage loan program these individuals have been able to secure cash for their home without […]

Homeownership month continues

Tuesday, June 19th, 2007

“Promotion and Protecting Homeownership” is this year’s theme for National Homeownership month which is taking place this month. The theme is focusing on first-time home buying as well as informing current homeowners and potential homeowners about the responsibility that comes with being a homeowner. This month’s theme will also encourage individuals to read […]

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