Exception situations in which FHA does not object to borrowers obtaining multiple FHA-insured mortgages. ------ Relocation: A borrower may be eligible to obtain another FHA-insured mortgage without being required to sell an...
In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, HUD has extended a temporary waiver of FHA's anti-flipping regulations through 2012. With...
The standard mortgage interest deduction, which was claimed by about 15 million households last year has expired as it didn't make it into the tax-cut deal. The fight over a temporary extension of the payroll tax cut and...
January 3, 2012 All mortgage loan originators were required to renew their licensed as of December 31st, 2011. Those that did not do so are in an expired or terminated status and will be unable to originate mortgages or close...
Every consumer shops for mortgages and they should. But this is the critical distinction: you should be shopping for the best mortgage advisor. If you have that, you'll get the best rate. Here's what happens when...
Congress is gridlocked, consumers are pessimistic, and firms are barely hiring. To speed this recovery up -- or to prevent a double dip -- it might be up to the Federal Reserve. Last week it announced its latest attempt to...
Should We Refinance? Most consumers are fairly savvy about saving money; however, many continue to pay monthly mortgage payments with interest rates that are 1%, 2% or even 3% higher than what may be currently available. For...
No-cost refinances are available but with an explanation. Nothing is free, so the term "no-cost" is not exactly accurate. A no-cost refinance is accomplished by taking a slightly higher interest rate that will credit Yield...