To much fanfare, FHA announced measures to better protect their insurance fund in a recent Final Ruling published in the Federal Register. Slipped in as a footnote to this announcement was a declaration that FHA is deaf to the concerns of the real estate industry. They are taking aim to again attempt to reduce the [...]
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Tag Archives: mortgages
First Time Home Buyers, Now that You’ve Opened “The Box”
January 18, 2012
2 Comments
As a First Time Home Buyer it is like opening up a new IPad you just received from Santa. You are excited to open the box, fire it up, but once it is out of the box you don’t even know what you don’t know about your new IPad. The same generally apply’s to First [...]
Read moreThe Mortgage Process Put Simply
January 8, 2012
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Understanding the mortgage process is a constant frustration for consumers. One can search the web and find all kinds of long articles breaking the mortgage loan process into anywhere between 6 and 9 individual steps. Upon reading these, a consumer gets even more confused since each individual step is confusing in and of itself. Unfortunately, [...]
Read moreFHA Short Refi Program
August 29, 2011
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The FHA Short Refinance Program has always existed in an unofficial form but became a formal program on December 16, 2009 with Mortgagee Letter 09-52. It was “refined” on August 6th of 2010 with Mortgagee Letter 2010-23. It was designed to provide more mortgage options to those that owe more than their house is worth. [...]
Read moreDo Credit Inquiries Hurt Your Credit Score?
August 4, 2011
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Reblogged with Permission Via: http://www.mtgprofessor.com/A%20-%20Credit%20Issues/do_inquiries_hurt_your_credit.htm Posted September 18, 2000, Revised January 29, 2004, Revised November 18, 2004, November 16, 2006, March 26, 2011, August 1, 2011 Borrowers in distress often contact many lenders hoping to find one who will approve them. For this reason, multiple inquiries can have a negative impact on a consumer’s credit [...]
Read moreDid HVCC Expire Completely? – Nope, it Still Lives On – Fannie Mae’s Appraisal Policy Broken Down
July 21, 2011
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Breaking Down Fannie Mae’s Appraisal Rules Have you heard of the Home Valuation Code of Conduct (HVCC)? If you are a lender or Realtor, of course you have. What I wanted to do with this post is breakdown Fannie Mae’s policy now that HVCC has expired. Basically the Code lives on and has been slightly [...]
Read moreThe Mortgage Loan Process – From Shopping to Closing
June 12, 2011
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It’s not hard to search and find bland descriptions of the mortgage process that paints in broad strokes. For the more information hungry home buyer, I’ve tried to collect snippets of audio and video that go into greater depth on this topic covering everything from shopping for your home loan to closing on your new [...]
Read moreCan I Buy a Home While I’m Getting Divorced in Minnesota?
June 6, 2011
1 Comment
It has been widely and wrongly asserted that someone who is getting divorced in Minnesota cannot purchase a home prior to finalizing a divorce decree and at the same time prevent their soon to be ex-spouse from being entitled to marital property rights in the newly purchased home. This used to be a serious problem [...]
Read moreMortgages for Saint Paul, Minnesota Community Land Trusts (CLT) Housing
March 12, 2011
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Community land trusts are created to preserve long-term affordable housing by purchasing homes in their communities, then leasing the land using a long-term ground lease to low-income and moderate-income families at affordable monthly ground rents. Community Land Trusts (CLT) have had a foothold in the Twin Cities for decades. More broadly, the leasehold form of [...]
Read moreBuying a Home after a Short Sale – Don’t Believe the Naysayers
May 30, 2010
114 Comments
I’ve written on this subject before but I want to be more thorough this time. There have been too many articles put out lately that discourage people from contemplating a home purchase after doing a short sale. These articles express cynicism about home sellers’ financial habits and Realtors alike. Most Realtors doing short sales know [...]
Read moreYour Local Lender
- Purchase a HUD owned Home with the $100.00 Down Payment Incentive Program
- Friends Don’t Let Friends Use Zillow, Trulia and Yahoo Real Estate to Find Homes for Sale
- FHA Seller Paid Closing Costs Reduction Announced
- First Time Home Buyers, Now that You’ve Opened “The Box”
- FHA Mortgages: Enough Already!
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Joe Harvey MortgageJoe's Blog: Kim, Good information in Who is Buying Homes. Tha...
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Who is Buying Homes? « Midwestliving's Blog: [...] First Time Home Buyers, Now that You’v...
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Charles Dailey: Who is was determined to be responsible for the mo...
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April: Hi Charles, Thank you so much for this informat...
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Aida: You may be in luck based on the lmitied facts you ...
- Buying a Home after a Short Sale – Don’t Believe the Naysayers
- Friends Don’t Let Friends Use Zillow, Trulia and Yahoo Real Estate to Find Homes for Sale
- FHA Mortgages: Enough Already!
- Minneapolis & Saint Paul Housing Show Signs of Improvement
- Monthly Private Mortgage Insurance – It Doesn’t Make Any Sense. . .
- Fannie Mae Guideline Changes – Gifts, 97% Financing and Mortgage Insurance
- Wanna Be a Good Mortgage Applicant? . . Then it’s Time to Get Naked!
- Does Your Loan Officer Wear Lime Green Polka Dotted Underwear?
- Minnesota Home Prices Headed for a Double Dip? – Don’t Believe the Hype
- First Time Home Buyers, Now that You’ve Opened “The Box”
- Purchase a HUD owned Home with the $100.00 Down Payment Incentive Program
- Friends Don’t Let Friends Use Zillow, Trulia and Yahoo Real Estate to Find Homes for Sale
- FHA Seller Paid Closing Costs Reduction Announced
- First Time Home Buyers, Now that You’ve Opened “The Box”
- FHA Mortgages: Enough Already!
Authors
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Charles Dailey
- Friends Don’t Let Friends Use Zillow, Trulia and Yahoo Real Estate to Find Homes for Sale
- FHA Seller Paid Closing Costs Reduction Announced
- The Mortgage Process Put Simply
- A PETITION – Bolster Homeownership and the Housing Market by Reforming Regulations Concerning Short Sales
- Fannie Mae and Freddie Make Mac Move to NO Loan to Value Limit Loans on HARP
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Sherri Sherpy
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Steven Brand
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Deb - The Mortgage Lady
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Michael Dietrich
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Tom Garrity
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Joe Harvey MortgageJoe's Blog
-
Tim Swierczek
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- Foreclosures by State and Over Time February 19, 2012
- More Americans Opting for Shorter-Term Mortgage Refis - The Home Front (usnews.com) February 18, 2012
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- HUD to announce more settlements, premium raises to close FHA hole | HousingWire February 15, 2012
- CFPB seeks input on proposed monthly mortgage statements | HousingWire February 15, 2012
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- NAR Report Finds Housing Affordability on the Rise February 15, 2012
- Economists: Fed Likely to Raise Rates Earlier than Forecast February 15, 2012
- HUD Budget Shows FHA Going Broke February 15, 2012
- January 2012 Pending Home Sales Highest Since 2005 February 15, 2012
- FHA Removes Streamlines From Compare Ratios | Mortgage News | Daily National and State Headlines February 10, 2012
- Zillow Launches New Android App | Mortgage News | Daily National and State Headlines February 10, 2012
- Mortgage bonds and Greece pull down ING February 10, 2012
- Senate bill gives principal write-downs through shared-appreciation plan | HousingWire February 10, 2012
- Nonbank Lenders Must Develop Anti-Fraud Programs, FinCEN Says February 10, 2012
- No Appraisals Required for Rural Borrower Refinance Program February 10, 2012
