Articles
March 14, 2013
Fair Housing Act Information
A current hot topic in our world of mortgage lending is fair housing. The Fair Housing Act prohibits discrimination by direct providers of housing, such as landlords and real estate companies, as well as other entities, including municipalities, banks or other lending institutions…
March 7, 2013
Changes to Fannie Mae and Freddie Mac
As 2013 continues to move along, so do a number of changes in the mortgage world. On Monday, acting director of the Federal Housing Finance Agency, Edward DeMarco, who oversees Fannie Mae and Freddie Mac, announced a plan to combine the two…
February 28, 2013
Increasing Your Chances of Qualifying for a Loan
While banks are definitely back into the mode of mortgage lending, there are still guidelines in effect that require home buyers to document specific portions of their financial and credit histories. Basically, banks want to make sure that people can repay the…
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…
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…
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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