Recent Articles for Consumers
Are You One of the 19 States? USDA Refi Pilot Program!
Good news. If you currently have a USDA loan, call me about the new refinance program.
No credit report,
no appraisal,
no property inspections,
no income verification.
Last 12 months mortgage payments must be made on time.
Interest rate must be 1% below current rate borrowers a ...
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VA Loans Still Safest Product on the Market
The Department of Veterans Affairs issued a news release this week trumpeting the continued growth of the VA Loan Guaranty program. The agency backed just under 360,000 loans last year, a 14-percent increase from FY10 and a whopping 168-percent increase since FY07.
But that wasn't the only good n ...
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HARP Refinance Program - Underwater Homeowner's in Atlanta Get RELIEF!
Underwater Homeowner's in Atlanta Get Refinance Help from Obama Administration
Atlanta, GA (January 2012) - Originally launched in April 2009, the Home Affordable Refinance Program (HARP) was designed to help underwater homeowner's take advantage of low mortgage rates even if they were low equ ...
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Home Prices and Affordability - the Truth
Gaining a little perspective on what really drove home prices over the last few decades can be valuable to would be buyers. The state of the market now that values have come well off their peak in concert with record low interest rates should be hard to resist. Still persistant though is the uncerta ...
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Recent Articles For Originators
FHA Mortgage Insurance Premium Changes 2012
Up Front and Annual Mortgage Insurance Premium (UFMIP and annual MIP) Increases for all FHA Loan transactions and Decreased for Certain Streamline transactions.
As announced March 6th, 2012 in Mortgagee Letter 12-4 and illustrated in the chart below.
Up Front and Annual Mortgage Insurance Pre ...
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What's with All the HUD Emails?
What’s With All the HUD Emails?
Karen Deis, Publisher, www.MortgageCurrentcy.com
I don’t know what’s happening at FHA lately, but they seem to be back-pedaling A LOT lately, and worse yet, modifying some of the mortgagee letters by sending an “email” instead of a “formal notice.”
Here are a couple of things HUD has updated th ...
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Mastermind 2012 - Las Vegas June 6 through 8
Learn the Critical Money Making Skills You Need To Build a Profitable Mortgage Business!
Join us at The Palms Hotel • Las Vegas • June 6 – 7, 2012
This is THE mortgage event of the year. Mastermind 2012 is bringing the industry’s top speakers all together on the same stage for the first ...
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What the FTC means by "Commercial Communications" For Mortgage Lenders & Real Estate Agents
The Mortgage Acts & Practices Rules have been in effect since August 19, 2011—so it’s been around for a while buy not many people know about it…YET!
A large part of the rule explains “definitions” and what they mean. And the biggie ...
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NAR 2011 Home Buyer Survey Results - First Time Home Buyer Statistics
National Association of Realtors® 2011 Home Buyer Survey Results – First-Time Home Buyer Statistics.
The 2011 NAR report called “Profile of Home Buyers and Sellers 2011” has just been released, with a huge amount of information that will help you plan where you should be spending your time ...
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Free H.A.R.P 2.0 Class - All Hype? Or a Big Help?
So, I asked a bunch of Loan Officers to post their HARP questions on www.facebook.com/mortgagecurrencty and there were so many, that I ended up doing a free class with a HARP expert--who has first-hand street creds because he also originates these types of loans. Here's a few of the things that yo ...
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