Most people are familiar with the VA Loan, which is a loan program through the Department of Veterans Affairs.
Earlier this month, Fannie Mae and Freddie Mac announced plans to impose a new 0.5 percent adverse-market fee on mortgage refinances starting Sept. 1.
The appraisal of a home is an important step in the real estate process, one that can certainly make or break a deal.
The Federal Housing Finance Agency (FHFA) recently announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit will be $453,100, a meaningful increase from $424,100 in 2017.Read more
Purchasing a condominium differs from buying a single-family home in more ways than the obvious. Of course, condo ownership offers buyers the convenience of maintenance free living since you don’t have to worry about cutting the grass or shovelingRead more
The U.S. House and Senate approved a package of tax extensions that include an important provision that helps distressed homeowners through extending the Mortgage Forgiveness Tax Relief Act for all of 2014.
The approval will be retroactive for homeowners who sold their home during 2014, and the actRead more
Some proposed changes in credit scoring may have a big impact on how many Americans will qualify for home loans.
Fair Isaac Corporation (FICO), the most widely used credit score, recently announced that the latest version of its score, FICO09, would noRead more
Real Estate Report: Important first steps to buying a home
With affordability on the rise, and interest rates at all time lows, more people are asking the question—should I rent or buy? The most important firstRead more
$20 billion in relief for homeowners
The federal government and 49 state attorneys general have settled a lawsuit for $25 billion against the country's five biggest banks for foreclosure processing and mortgage loan servicing problems.Read more
Buyers looking to purchase a home with an FHA backed loan will continue to have more leeway to purchase directly from banks or investors with a recent decision by the Federal Housing Administration to extend its waiver on property anti-flipping rules through 2012.
FHA rules typically prohibitRead more
Real Estate Report: The Ins and Outs of a Short Sale
You've probably heard the term "short sale" by now—a short sale is the phrase used when a homeowner is selling their home, but the list price and/or sale price is less than what is owed onRead more
- VA Loan obtainable through mortgage companies, banks
- Adverse-market fee to start Sept. 1
- Appraisal of home important part of real estate process
- LWB Real Estate Report: FHFA
- Many variables to consider in condo buying
- House and Senate approve extensions
- Big impact may come with new credit scoring
- Many own homes through MMP effort
- Important First Steps When Thinking of Buying a Home
- $25 Billion Settlement Against Banks
- Buying Condo (5)
- Fannie Mae (12)
- Freddie Mac (11)
- Buying Real Estate (5)
- Mortgage (8)
- Credit Score (4)
- Fixed Rate Loans (3)
- VA Loans (2)
- Foreclosures (3)
- Licensed Realtor (1)
- Real Estate Investment (4)
- FHA (2)
- Selling Real Estate (1)
- FHFA (1)
- HERA (1)
- Property Value (1)
- Real Estate Market (1)
- Refinance (2)
- Real Estate Agents (1)