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Mortgage and Financial News: Obama Housing Fix Update
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Mortgage and Financial News. Sunday, April 19, 2009. Obama Housing Fix Update. This is an update to my first article on Obama’s Housing Fix. On March 4th the government passed a housing bill aimed at reducing the number of foreclosures by helping homeowners lower their monthly payments through loan modifications and refinances. This website can help you figure out if you will qualify for the new programs that are being put into place. They will defer some of the principle on your loan to the end of your ...
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Mortgage and Financial News: What is MERS?
http://mortgage-fha.blogspot.com/2009/04/what-is-mers.html
Mortgage and Financial News. Thursday, April 23, 2009. MERS is a tiny data-management company created by mortgage lenders to save money on filing fess. Seems simple enough right? How could this become one of the major problems in the housing market today? Bankruptcy judges, foreclosure attorneys, and homeowners going through the process of bankruptcy or foreclosure are starting to find out! I do not know how many mortgages there are all together but that is most of them! At the time, the secondary market...
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Mortgage and Financial News: May 2009
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Mortgage and Financial News. Tuesday, May 26, 2009. HUD To Allow $8,000 Tax Credit To Become a Down Payment. By allowing buyers to utilize the tax credit as a down payment, money will now be freed up for the buyer that would otherwise be needed at closing. This will allow the first-time home buyer to save their money for a rainy day or for home improvements. Or it will allow the first time home buyer who does not have enough money for the down payment to access the $8,000 for the down payment. Thursday, ...
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Mortgage and Financial News: New Bankruptcy Bill - Could be a Huge Help to You
http://mortgage-fha.blogspot.com/2009/04/new-bankruptcy-bill-could-be-huge-help.html
Mortgage and Financial News. Wednesday, April 22, 2009. New Bankruptcy Bill - Could be a Huge Help to You. Not able to make your mortgage payments anymore? Are you considering filing for bankruptcy? Currently, a Chapter 13 filing stops the foreclosure process and gives homeowners time to restructure their payments with their lender. But as the law stands right now, homeowner’s do not have the ability to alter the terms of their loans. It would be worth it to file bankruptcy just for this benefit! The mor...
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Mortgage and Financial News: First Time Homebuyers
http://mortgage-fha.blogspot.com/2009/09/first-time-homebuyers.html
Mortgage and Financial News. Friday, September 18, 2009. Time is running out to qualify for the first time home buyer tax credit of $8,000. If you are looking to take advantage of this program to quallify for free money from the government you better hurry! This program will only be in effect until November 30th, 2009. Do not get left out of this program if you want to buy a house. Some houses can take months to purchase. Visit www.affordablehomemortgage.com. For all of your mortgage needs. Excellent blo...
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Mortgage and Financial News: 105% Mortgage Refinance
http://mortgage-fha.blogspot.com/2009/05/105-mortgage-refinance.html
Mortgage and Financial News. Thursday, May 7, 2009. Lenders are now announcing if they will offer the new Refi Plus program that was structured by FNMA to assist some homeowners who are faced with declining property values. The program details are now being announced, but some rules are clear. These are credit qualifying loans. While details are still being announced, it appears that the minimum middle credit score must be 660. Interest rates are considerably higher than the best rates offered, which mak...
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Mortgage and Financial News: HUD To Allow $8,000 Tax Credit To Become a Down Payment
http://mortgage-fha.blogspot.com/2009/05/hud-to-allow-8000-tax-credit-to-become.html
Mortgage and Financial News. Tuesday, May 26, 2009. HUD To Allow $8,000 Tax Credit To Become a Down Payment. By allowing buyers to utilize the tax credit as a down payment, money will now be freed up for the buyer that would otherwise be needed at closing. This will allow the first-time home buyer to save their money for a rainy day or for home improvements. Or it will allow the first time home buyer who does not have enough money for the down payment to access the $8,000 for the down payment. Subscribe ...
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Mortgage and Financial News: March 2009
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Mortgage and Financial News. Tuesday, March 31, 2009. As a mortgage professional for the past 13 years I have heard customers, friends and family all say that they have read or heard that they can get this certain rate if they refinanced or purchased a home today based on what they are seeing in the news or in advertisements. How do you know what interest rate you can really get? Check out www.thebriteway.com. For all of your mortgage needs. Give us a call. Monday, March 30, 2009. Because analysts expect...
mortgage-fha.blogspot.com
Mortgage and Financial News: September 2009
http://mortgage-fha.blogspot.com/2009_09_01_archive.html
Mortgage and Financial News. Friday, September 18, 2009. Time is running out to qualify for the first time home buyer tax credit of $8,000. If you are looking to take advantage of this program to quallify for free money from the government you better hurry! This program will only be in effect until November 30th, 2009. Do not get left out of this program if you want to buy a house. Some houses can take months to purchase. Visit www.affordablehomemortgage.com. For all of your mortgage needs.
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Mortgage and Financial News: FICO Offering Free Tool For Homeowners
http://mortgage-fha.blogspot.com/2009/04/fair-isaac-corp.html
Mortgage and Financial News. Tuesday, April 21, 2009. FICO Offering Free Tool For Homeowners. Fair Isaac Corp. is offering Mortgage Recovery Initiative(MRI), a foreclosure prevention and management tool based on consumer credit behavior feedback. The tool was developed to help facilitate mortgage modifications and mitigate new delinquencies by reducing re-defaults and preventing foreclosures. Check out their website at http:/ www.mortgagereliefonline.com/. Have a great Tuesday! Obama Housing Fix Update.