Apr 4, 2013 | Blog, Mortgage Guidelines
The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help home owners who are behind in their payments or own a home with a mortgage that is under water. The purpose of the recently announced program...
Mar 8, 2013 | Blog, Mortgage Guidelines
Although the financial markets have tightened lending guidelines and financing requirements over the last few years, the right advice when applying for your loan can make a big difference. Not all loans are approved. And even when they aren’t approved...
Feb 22, 2013 | Blog, Mortgage Guidelines
Have you heard the term Private Mortgage Insurance (PMI) when looking to finance real estate? You may be wondering what PMI is and how you know when you need to purchase it. These answers can be hard to find among all the real estate jargon you might be hearing...
Nov 14, 2012 | Blog, Mortgage Guidelines
According to the Federal Reserve’s quarterly Senior Loan Officer Survey, it’s getting easier to get approved for a home loan. Between July – September 2012, fewer than 6% of banks tightened mortgage guidelines — the fourth straight quarter...
Aug 8, 2012 | Blog, Mortgage Guidelines
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending guidelines. As reported by the Federal Reserve, last quarter, no “big banks” reported stricter mortgage standards as compared to the...
Jun 7, 2012 | Blog, Mortgage Guidelines
Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year. Some FHA mortgage applicants will pay lower mortgage insurance premiums going forward. Others will pay more. The new premiums apply to all FHA...