Tag Archives: federal housing administration

Mortgage Closings are now Taking Longer

Some of you may have already heard about the new consumer protections called “TRID”, which stands for this mouth-full; “TILA (for Truth In Lending Act), RESPA (for Real Estate Settlement Procedures Act), Integrated, Disclosures. Yup, congress, through the Consumer Financial … Continue reading

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More home buyers turning to social media

LOS ANGELES (June 26) – Reflecting the proliferating use of social media in today’s society, more home buyers are turning to social media in the home-buying process than ever, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 Survey of … Continue reading

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A Home Purchase Loan that Includes Fixup Money

If you’re not finding the perfect home, have you thought about buying one that’s not so perfect and borrowing enough money to make it the perfect home? Here’s the solution: HUD (Housing & Urban Development) has government-backed loans available, that cover not … Continue reading

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Will my Score drop if I apply for new credit?

Unfortunately, many people may be losing out on homes, because they withhold credit information from lenders or landlords until they find the perfect place.  By this time it may be too late.  Knowing when to authorize the pulling of your credit can mean the … Continue reading

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Investing in Foreclosures

FHA extends temporary “anti-flipping” waiver The Federal Housing Administration (FHA) last week extended its temporary “anti-flipping” waiver an additional two years to Dec. 31, 2014, enabling investors to purchase and renovate foreclosed and abandoned homes and resell the rehabbed property … Continue reading

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Repaying Your First-Time Homebuyer Credit

The timer has come, for those who bought a home in 2008 and claimed the First Time Homebuyer credit on their taxes.  The IRS is interested in helping you do that and they’re offering some very helpful tools to do … Continue reading

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FHA to Raise MIP by 75% April 1st

The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund. The FHA upfront mortgage insurance premium will increase to 1.75% from 1% of the base home loan amount. This … Continue reading

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