Monthly Archives: January 2010

A Little Fed and a lot of FHA

Posted on January 28, 2010 by Matt Steinmetz

Well it looks like the date for the increase in up front mortgage insurance (UFMIP) is April 5th. Continue reading →

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FHA Making Changes

Posted on January 20, 2010 by Matt Steinmetz

Currently when someone purchases a home using a FHA loan, they are required to pay an upfront mortgage insurance premium. Word on the street is that FHA will be increasing this premium up to 2.25% of the loan amount. Continue reading →

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2010 Prices to fall 5-10%

Posted on January 10, 2010 by Matt Steinmetz

Just a quick note From what I’ve been reading, the experts believe that foreclosures and short sales will continue to drag house values down by about 5-10% in 2010.  Some areas have begun to creep up in values due to low … Continue reading →

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Fed Getting out of the Market

Posted on January 4, 2010 by Matt Steinmetz

Only 12 weeks remaining of the Fed MBS purchasing program. I’ve blooged this before but let’s recap. Continue reading →

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