Changes Coming to FHA Loan Program in 2010

  Click ‘Play’ to hear me summarize proposed FHA loan program changes in 2010. A few years ago FHA loans made up only around 3 percent of the home loan market. Now they make up closer to 50 percent, due to their lower down payment requirements (3.5.%) and less stringent qualification standards, combined with the virtual disappearance [...]

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Free Mortgage Refinance Guide from the Federal Reserve Board

Are you thinking about refinancing your existing home mortgage?  If so, there’s a handy guide to home loan refinancing from the Federal Reserve Board that covers some important topics, such as: Comparing home loan refinance options Understanding ‘no cost’ refinances Calculating when you will recoup the expense of refinancing your mortgage Home mortgage prepayment penalties [...]

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Duped Homeowner Asked to Pay Fraudulent Debt

The New York Times posted a pretty hair-raising article today about a homeowner who is being asked by the FDIC to pay $150,000 of debt racked up by the company that allegedly deceived her. For the record, this is not someone who used her house as a credit card.  She’s more of a salt-of-the-earth type of [...]

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