Category Archives: Regulations

A Little Fed and a lot of FHA

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

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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Changes to the Good Faith Estimate

January 1st marks the start of a new year, new decade and among other things the start of a new good faith estimate. New laws require lenders to use the 2010 version of this form. Continue reading

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Tax Credit Signed by President

homebuyer tax credit extended Continue reading

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Homebuyer Tax Credit Extended!

Tax credit extended Continue reading

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FHA changing to minimum 5% down?

HR3706- A new bill was proposed, which would change the FHA minimum down payment from 3.5% to 5%. This bill is backed by Fed Chairman Ben Bernanke.  Let’s hope that doesn’t pass.

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HERA – Housing and Economic Recovery Act

On July 30th 2009 a new regulation published by the Federal Reserve Board will begin that will drastically change the process of obtaining a home loan. Continue reading

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