The US Congress is busy trying to figure out how to regulate the Mortgage Banking Industry so that another Subprime Meltdown never happens, and that is a good thing. But, they are the Government, …
FHA Appraisal NC Changes Effective1/1/2010
FHA Announced this week that it will make some "proceedural" changes to the appraisal process at the beginning of the year. They hope that the changes will, in some cases, "help to expedite loan …
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FHA Streamline Refinance Changes Effective 1/1/2010
With the release of several Mortgagee Letters (directions to lenders regarding coming changes) HUD announced detailed changes for Streamlined Refinances. FHA Streamlined Refinances are loans that …
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FHA and Non Occupying Borrower In NC
FHA and Non Occupying Borrower In NC is a mortgage loan offered for those who can't qualify for a mortgage loan on their own. The program is great for couples where one spouse has good credit but …
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FHA Making Sweeping Changes, AGAIN!
It's been rumored for several months that due to raising default rate - FHA was in "trouble." Last week, FHA made several announcements that will ROCK the mortgage lending world …
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FHA Qualifying with Rental Income
First off, it's important to remember that you can not use FHA financing to purchase Investment property. FHA loans are for PRIMARY residents only... but time being what they are, we are finding …
