Tag Archives: fha mortgages

FHA Must Charge Higher Fees To Stay Afloat

The average American is on the hook for $1300 for the Fannie Mae and the Freddie Mac bailouts. Keeping the FHA afloat has only required three billion. FHA mortgages requires smaller downpayments and lower credit scores than regular mortgages. You’d … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on FHA Must Charge Higher Fees To Stay Afloat

Fast Relief For Those Facing Foreclosure

Report: • Section 1402, effective Oct. 1, 2008, allows troubled mortgage holders to avoid foreclosure by refinancing into smaller, more affordable, Federal Housing Administration (FHA)-backed mortgages, provided they give Uncle Sam a piece of the equity-growth action and provided the … Continue reading

Posted in Foreclosure | Tagged , , , , , | Comments Off on Fast Relief For Those Facing Foreclosure

Firing Up The Housing Market

From Fox Business: Without mortgages there is no housing market, goes Paulson’s theory – a sound one, at that. “The pendulum has swung,” said Juan Boldizsar, a mortgage broker from Chicago, referring to lenders’ sharp turn away from the lax … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Firing Up The Housing Market

Refinance: Getting the Big Loans

The Washington Post reports: The gears of the mortgage market are starting to unlock for borrowers needing big loans. Last week, for example, BB&T was offering 30-year, fixed-rate mortgages for a conforming loan, which is for $417,000 or less, at … Continue reading

Posted in Jumbo | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Refinance: Getting the Big Loans