Hedge funds have moved on.

Thank goodness. Like bad weather does, things start west and move east. The big boys don’t love us any more and have moved to other areas. That give us a chance to have a more normal market that favors us small guys. I just know that this next year  is going to...
FHA eases credit rules

FHA eases credit rules

Up until now, FHA made people who filed bankruptcy or did a short sale or walked away, wait 3 years to get a new loan. Now they have made it one year. There are restrictions, however. You must show that your situation was caused by external forces that reduced your...
Fannie and Freddie to cut loan size

Fannie and Freddie to cut loan size

FHa announced plans to cut the max amount of loans that can be backed by Fannie Mae and Freddie Mac. Right now it’s 417 for most of the country and 625 for Ca.How much is not clear. this will take place Jan 1. It may not make a big deal for the high end since...