Category Archives: Regulations

Government Hurts First Time Buyers

Posted on January 10, 2012 by Matt Steinmetz

The bill passed in Dec. 2011 that extended tax cuts had some hidden items, of course.  One of them was the g fee which is a fee for conventional loans that is of course passed on to the consumer.  Aside … Continue reading →

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FHA Flipping Update II

Posted on December 23, 2011 by Matt Steinmetz

FHA flipping waiver extended Continue reading →

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FHA Home Flipping Policy

Posted on December 22, 2011 by Matt Steinmetz

In February, FHA extended the FHA property flipping waiver until December 31, 2011. As of now, this waiver has not been extended again and will expire on 12/31/11. Continue reading →

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HARP Update Nov. 15th

Posted on November 15, 2011 by Matt Steinmetz

The HARP program has been extended through 12/31/2013.

“Fannie Mae is removing the maximum LTV ratio limit for Refi Plus mortgage loans secured by fixed-rate mortgages with terms up to 30 years.
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FHA Loan Limits Increased! Again!

Posted on November 15, 2011 by Matt Steinmetz

Congress to restore FHA loan limts to $729,750 Continue reading →

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Lenders to Accept Short Payment as Full Payment

Posted on January 30, 2011 by Matt Steinmetz

SB 931 which requires lenders holding the first deed of trust for a dwelling of 1-4 units to accept an agreed upon short sale payment as full payment for the outstanding balance of the loan. Continue reading →

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Originator Compensation Reform

Posted on December 7, 2010 by Matt Steinmetz

Originator Compensation Reform: Putting the Cart Before the Horse.

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Treasury Launches Mortgage Help for Unemployed

Posted on July 6, 2010 by Matt Steinmetz

Treasury Launches New Mortgage Help for Unemployed in July « HousingWire. Thank you, Matt Steinmetz NMLS# 221315 Envoy Mortgage- Hiring experienced Loan Originators, Ask me for info.   2151-A2 Salvio St. Concord, CA 94520   Phone 925-671-9501 x119   Follow … Continue reading →

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FHA Update

Posted on June 14, 2010 by Matt Steinmetz

The bill will allow FHA to increase the annual (monthly) premium. This is a victory for homebuyers. Continue reading →

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Governor Schwarzenegger Signs $10,000 Homebuyer Tax Credit Legislation

Posted on March 25, 2010 by Matt Steinmetz

Governor Schwarzenegger Signs $10,000 Homebuyer Tax Credit Legislation. Starting May 1st, the very day after the federal tax credit ends, California’s tax credit kicks in!!! This time it’s not just for new homes either.  First time buyers, purchasing new or … Continue reading →

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