Realtors await federal response
Mortgage giants Fannie Mae and Freddie Mac have been ordered by the Federal Housing Finance Agency to review and respond to short-sale requests within 30 calendar days from the receipt of a short-sale...
View ArticleNo evidence yet that mortgage lending standards are easing
With home prices rising in many markets around the country, might mortgage lenders start loosening up on their hyper-strict underwriting rules and extend loans to buyers who now find themselves on...
View ArticleMortgage lenders may be easing their standards, but not for everyone
With home prices rising in many markets around the country, might mortgage lenders start loosening up on their hyper-strict underwriting rules and extend loans to buyers who now find themselves on the...
View ArticleCan you qualify for a mortgage?
Can you qualify for a mortgage to buy a home? It’s a straightforward question, but often one without a simple answer. Here are some of the main considerations to answer that question for yourself. Can...
View ArticleShould ‘Old’ People Get Mortgages? (Second Time Around)
Over at PBS NewsHour Paul Solman looks at the question of whether a 66-year-old retiree is a good candidate for a 30-year fixed-rate mortgage. “Don’t worry about the lender,” says Solman. “A standard...
View ArticleWhat’s Fueling the Housing Boom in Vegas?
Chris and Candace Rodgers wanted to move to a bigger house in a better neighborhood. With the Las Vegas housing market recovering—prices still down over 50 percent from the recent peak—they figured it...
View ArticleCan I Get a Home Loan After a Short Sale?
The dream of homeownership doesn’t have to end when you sell your home through a short sale. Underwater homeowners, who sell their homes for less than what they owe, can qualify for a home loan again....
View ArticleShort sale and foreclosure lock-out periods
Ryan M. writes, “I keep getting confused. How long again is it that I need to wait after a “short sale” or foreclosure to buy a new home?” This is a great question, and one that has been asked by many...
View ArticleDifferent mortgages are for different situations
When it comes to home mortgages, there is no such thing as “one size fits all.” Homebuyers come to the financing table with a host of different circumstances dictating the type of mortgage they will...
View ArticleMortgage Lending Reaches 5-Year High
Mortgage lending jumped to a five-year high last year, driven by a sharp rise in refinancing as borrowers rushed to lock in the lowest mortgage rates in at least 60 years, according to a Federal...
View ArticleIs the Government Shutdown Roadblocking U.S. Housing Recovery?
If you’re considering buying or refinancing a home and you need a VA, USDA or FHA mortgage, the government shutdown might seem like a detour on your path to home financing. Headlines are touting that...
View ArticleVeterans: VA mortgage program still working after 70 years
Veterans and military families sacrifice so much to keep our country safe. Seven decades later, a loan program created to honor that service continues to help veterans grab a slice of the American...
View ArticleKnow Your Mortgage Options Before Buying Your First Home
Applying for and getting a mortgage is one of the most daunting obstacles to overcome when shopping for a home. The process can be especially scary and confusing for first timers who may be unfamiliar...
View ArticleFannie Mae Changes Waiting Periods for Buyers With Prior Short Sale
Fannie Mae made 2 changes that will affect home buyers in San Diego, one positive and the other negative. Before August 16th, buyers who had a 20% down payment could repurchase again after only 2...
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