Why are you IN a movie, but you're ON TV? In the TV yesterday, at least the financial news networks, was the Fed's Beige Book which comes out eight times a year and summarizes the Fed's twelve districts. So do mortgage companies want the economy to do well, and run the risk of higher rates...
If you’re a home mortgage loan originator, mortgage broker, realtor, title agent or other provider of services related to the processing or closing of a residential mortgage loan, you know that January 1, 2010 is D-Day for the use of the new Good Faith Estimate (GFE) of settlement charges ( www...
U.S. Housing and Urban Development Secretary Shaun Donovan told a Senate appropriations subcommittee today that the Federal Housing Administration needs additional resources to ensure FHA can continue to meet the needs of underserved borrowers during the current mortgage crisis. Donovan also testified...
Starting way back in 2006 with the publication of John Talbot's book Sell Now we have been advised by a lot of experts that this is a good time to be a renter rather than a homeowner. Well, maybe not so much. Newspapers throughout the nation are reporting that renters, most of them totally innocent...
On Wednesday the Department of Housing and Urban Development (HUD) announced changes to the HOPE for Homeowners Program (H4H) to help more distressed homeowners refinance into affordable, government-backed mortgages. HUD hopes that the changes will enable more borrowers to afford monthly mortgage payments...
The U.S. housing market is expected to give further proof of a long, slow-motion decline with the release of the housing starts & permits report from the Department of Commerce on Wednesday. The starts index could potentially fall to levels not seen in the 47-year index. Housing starts refer to the...
The National Association of Realtors® ( NAR ) recently called on the Department of Housing and Urban Development ( HUD ) and the Federal Housing Finance Administration ( FHFA ) to reduce the owner-occupied ratio requirement for condominium complexes . In letters to HUD Secretary Steven C. Preston...