The U.S. Department of Housing and Urban Development just published Mortgagee Letter (ML) 2013-14 which centers on the revision of Federal Housing Administration (FHA) policies concerning cancellation of the annual Mortgage Insurance Premium (MIP) and increase to the annual MIP. The purpose of this revision is so the FHA can be consistent with its ongoing [...]
The Federal Housing Administration is proposing some changes to its program rules that might impact or affect some loan applicants in 2013. These are designed improve revenue flows to the agency and cut back on losses. Although none of these appear to be “set in stone” quite yet, prospective FHA buyers may want to take [...]
When you think of green businesses, the mortgage business probably isn’t the first to come to mind. It’s more likely that a huge pile of paper comes to mind. These days there is a disclosure, another piece of paper, for every imaginable scenario, which results in a mind numbing number of pieces of paper that [...]
For homeowners in the San Diego and Temecula areas of Southern California, this free seminar is being held on May 21, 2011. The HELP Program has partnered with the local community to hold a free public outreach class in Temecula on May 21st, 2011. Held at the Southwest Riverside County Association of Realtors, this three [...]
Think rehab loans aren’t available in today’s lending market? Think again. With so many bank owned properties and distressed short sales on the real estate market today in Temecula and the greater Southern CA region, the FHA 203K program might be the most grossly underutilized financing tool out there. A few of the benefits of [...]
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