 |
Fannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath® properties. HomePath homes are REO’s that have already been taken back by Fannie Mae and put on the market at a certain price as HomePath eligible. I did a complete breakdown of the HomePath on a previous post but here is a quick reference… [...] According to the commissioner of the State Of California Department Of Real Estate (DRE), Short Sale fraud is on the rise. In a recently issued letter the DRE reached out to local mortgage lenders to advise them of the problem, as well as for help. Even though there are many ways short sale’s can be [...] California Assembly Bill: SB 1275, which would have a negative impact on lender/servicers in California, and ultimately mortgage borrowers in the state, failed this morning on a reconsideration vote in the State Assembly. The bill failed 29-36, and is not expected to be revived. A number of organizations, including the California Mortgage Broker’s Association, opposed the [...] . Just a quick look at last week’s mortgage bond market. Up and down (red is bad) in huge strokes all week long. I hope you see how important it is to work with a mortgage professional that not only has access to this data, but understands how to use it to your advantage. [...] There is more important news for first time homebuyers in California expecting to get the 2010 tax credit after buying their homes. In the link below the Franchise Tax Board spells out the updated process, how much is left, and what to do to ensure (or give yourself the best chance anyways) you get the [...] I received a letter from the federal department of Housing and Urban Development (HUD) informing me that there are going to be sweeping changes to the FHA mortgage insurance program starting next month. This is something that has been talked about for some time but nothing had been finalized. The major change is in FHA’s [...] The mortgage industry can feel a little more patriotic this 4th of July holiday now that President Obama has signed two bills to re-start the flood insurance program and extend the closing deadline for homebuyers seeking a tax credit. The National Flood Insurance Program has been shut down for the past month (as it had [...]
1. I applied for the 2009 New Home Credit, but didn’t get it since the money ran out. Can I apply now since there is more money available? No. The 2010 New Home / First-Time Buyer Credits are only available for purchases which close escrow on or after [...] Today’s payroll flop — only 20,000 real jobs created in May — will take some time to settle all the way in. Immediately: 10-year T-notes are 3.22% (from 3.36% yesterday and 3.99% six weeks ago), and the best mortgages below 5.00%. The payroll report has confirmation: new unemployment has held high for five months; May [...] Sacramento area home prices are getting up off the mat, increasing 12.4 percent from the bottom of the market reached in April of last year. The four-county region —said to be one of the hardest hit in the nation with overwhelming foreclosures and 35 percent-plus drops in home values — had a median-home price of $188,100 last month, compared to [...] |
Get the book that changed my life, as my gift to you for FREE
|
|
Copyright © 2012 Roseville Loan Guy - All Rights Reserved |
||
