FHA Update: The more you know the more homes you can sell-
May 20, 2008 | Brian Lebars | Comments: (0)
FHA UPDATE: HUD released Mortgagee Letter 08-11 on April 29th, defining new terms for acceptable “non-traditional credit”. In a nutshell, HUD is defining different classes of non-traditional credit into Group I type and Group II type. With credit in Group I being the more desired type. HUD is also adding more guidelines for lenders to [...]
The Answer to Your Question is…the Housing Market Found It’s Bottom-
May 13, 2008 | Brian Lebars | Comments: (1)
Have you been searching across the internet looking for a crystal ball on the Bay area Housing market and what direction it is going? The fact is the only way you know when you have found the bottom of a housing market is when the market has already turnd and you missed your oppertunity. Here [...]
Good News for Agency Jumbo Conforming Financing- Stimulating the Bay Area Purchase Market
May 12, 2008 | Brian Lebars | Comments: (2)
Late last week lenders began pricing the new “Jumbo Conforming” loans as if they were the same as the usual Conforming loan.
The “Conforming Loan”- Is a loan up to $417,000 that was the standard before the economic stimulus package was introduced earlier this year.
The “New Jumbo Conforming”- is a loan limit that is $417,001-$729,750 scheduled [...]
Whats New With FHA- The Bay Area is Ready and Waiting…
May 12, 2008 | Brian Lebars | Comments: (1)
FHA Action to Resume Despite Veto Threat
The House of Representative was slated to resume consideration of a Federal Housing Administration refinancing bill this morning despite a veto threat from President Bush and efforts by Republican congressmen to disrupt House proceedings. The FHA bill (H.R. 3221) would refinance an estimated 500,000 borrowers with “underwater” mortgages [...]
Green Real Estate Transactions is a start- Here is what you can do
May 9, 2008 | Brian Lebars | Comments: (0)
Being responsible about your paper usage and paper purchasing is not just about saving trees. In my past series outlining the use of electronic signatures (One of my first posts-please be kind) made a dramatic impact on the amount of paper waste during the loan process for myself and colleagues. The next step to reduce [...]
