Articles

Revision of FHA Policies Concerning MIP February 21, 2013
Revision of FHA Policies Concerning MIP

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…

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Where are Those Mortgage Rates Going in 2013? February 13, 2013
Where are Those Mortgage Rates Going in 2013?

Due to the housing market showing definite signs of rejuvenation, numerous experts agree that the coming spring homebuying season could be a busy one for both sellers and buyers. Most buyers and sellers are anxious to know where the mortgage rates are going…

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Mortgage Planning Tips February 6, 2013
Mortgage Planning Tips

Now that the U.S. housing market is in a definite recovery and home sales will continue to rise throughout the rest of 2013, many people are getting back into the “house buying” mode. Some potential buyers were scared off during the housing recession while many…

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News for Homeowners Who Lost Their Home During the Recession January 22, 2013
News for Homeowners Who Lost Their Home During the Recession

During the terrible housing recession, many homeowners lost their home for a variety of reasons. Even though this may have negatively impacted homeowners’ opinions on homeownership, the ability to qualify for another mortgage may not be as difficult as it once was….

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Mortgage Forgiveness Debt Relief Act Extension January 16, 2013
Mortgage Forgiveness Debt Relief Act Extension

Underwater homeowners were given good news this week as Congress included an extension of the ‘Mortgage Forgiveness Debt Relief Act.’ This Act was scheduled to expire on December 31, 2012, but was extended in the American Taxpayer Relief Act until December 31,…

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Rising Equity for Homeowners in 2013 January 9, 2013
Rising Equity for Homeowners in 2013

As 2013 begins, one of the most encouraging facts in the mortgage business is that homeowner’s equity is growing! A homeowner’s equity is defined as the difference between the market value of the house and the amount of mortgage debt it is…

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Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
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