Nationwide Bi-Weekly

Nation Wide Biweekly Feeds

• FHA has raised the monthly mortgage insurance premiums February 22, 2011
  HUD/FHA has just recently changed their monthly mortgage insurance. […]
  Jeff Belonger
• Government Mortgages May Get Pricier, Harder to Come By February 14, 2011
  Government loans, such as those backed by Fannie Mae, Freddie Mac, and the FHA, are slated to get more expensive and harder to qualify for, assuming changes recommended by the Treasury are implemented. The agency released their recommendations for a complete overhaul of the mortgage market today, essentially calling for less attractive government-backed mort […]
  Colin Robertson
• The Best Policy on Locking in Interest Rates… February 11, 2011
  Consider the following three things when deciding whether or not to lock in your mortgage interest rate: Lock in your rate as soon as you know you have a good deal in front of you, and you know roughly when you can close (30 to 60 days should be the longest lock period). Lock it […]
  Evan Vanderwey
• JP Morgan Chase Debacle Highlights Need to Safeguard American Service Members January 26, 2011
  America’s service members sacrifice a great deal to keep America safe. That’s one of the reasons they enjoy some special protections against foreclosure and mortgage default through the Servicemembers Civil Relief Act. Someone apparently forgot to tell officials at JP Morgan Chase, the nation’s second-largest mortgage bank. The finance giant overcharged thou […]
  Chris Birk
• Are 30% Down Payments on Mortgages In Our Future? January 21, 2011
  The top mortgage lender in the country has called for borrowers to come up with 30% down if they want to avoid higher mortgage rates and more restrictive lending tied to the “risk retention” requirements related to the Dodd‐Frank Wall Street Reform and Consumer Protection Act of 2010. Essentially, the government wants to ensure that […]
  Colin Robertson
• Appraisal Group Offers Tips for Prospective Home Buyers January 19, 2011
  The appraisal process can prove frustrating and time consuming for scores of prospective home buyers. In turn, many appraisers have gotten a bad rap in recent months.  To help consumers better understand the process and the role of appraisers, the Appraisal Institute recently published a list of tips. Based in Chicago, the Appraisal Institute is […]
  Chris Birk
• Am I SAFER today as a result of the SAFE Act of 2008? January 12, 2011
  The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (called the SAFE Mortgage Licensing Act of 2008) is being made the rule of the lending land even as we speak. Are you safer as a result? The SAFE Act of 2008 is a form of legislation that has been batted around in Washington […]
  Evan Vanderwey
• PMI Companies Halt Fannie Mae’s Change on Gifted Down Payments January 6, 2011
  Mortgage giant Fannie Mae has been busy with more changes.  In a world of tighter lending, it’s nice to see changes designed to ease the home buying process. In a recent change, Fannie Mae announced they will allow homebuyers to use gifts for their entire down payment regardless of the amount.  This recent change allows […]
  Keane Ng
• Mortgage Definition: FHA Kiddie Condo Loan January 5, 2011
  The FHA Kiddie Condo Loan is great for parents who have kids going to college. […]
  Justin McHood
• Conventional Loans – Pricing Adjustments April 2011 January 3, 2011
  Conventional loan adjustments for April 2011 making conventional rates more expensive. […]
  Jeff Belonger

Nation Wide Biweekly Mortage Tips