by Phyllis Rockower | Sep 10, 2013 | Housing News
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...
by Phyllis Rockower | Sep 10, 2013 | Uncategorized
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...
by Phyllis Rockower | Jul 23, 2013 | Economic News
Fannie Mae said today that they have not changed their original forecast- growth will pick up in the second half of 2013. Consumer fundamentals – steady job creation, recovery highs in consumer confidence – are supporting an improving picture of economic...
by Phyllis Rockower | Mar 6, 2013 | Housing News
Someone sent this to me but i can’t remember who. Thought i’d pass it on anyway. 1) “Free” credit report scores are accurate and reflect mortgage report scores. No. For the purposes of obtaining a mortgage; free credit reports are literally worthless. 2) A...
by Phyllis Rockower | Jan 20, 2013 | Housing News
Realtors report that attendance at open houses is way up even in winter months. In addition, requests for pre approval letters from mortgage brokers is up. Website traffic to real estate sites is up. People are assured that the worst is over for the housing market so...
