David Stevens, the head of FHA answered questions last week about weather or not his agency would need a "Bailout" from taxpayers. FHA doesn''t make loans, but they insure them, and with so many …
Is It Time To Refinance?
Many of the people we are talking with WANT to refinance - but they figure it's probably not worth it. Generally those sentiments run from two different camps, either the homeowner is concerned that …
Does Obama Know Something We Don’t About the Economy?
I read a TON of Economic Newsletters, watch CNBC, and Congressional hearings... I'm an economic junkie who misses Louis Rukeyser! I'm always looking to see if I can figure out which way rates are …
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Refinancing FHA Loans and Cash Back
We've been in the mortgage business for a couple of decades, and with all of the changes that have happened, month after month... we sometimes get asked a question that you would think was a SIMPLE …
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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 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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