Well, holy crap! Anyone want to start playing ‘Another One Bites the Dust’ It just came across my desk that Taylor, Bean & Whitaker Mortgage Company, one of the major players in residential home mortgages has bit the dust. Apparently FHA has barred them from doing loans for them, and that was the rock to [...]
Find out if you are eligible for a home loan modification or refiance by vistiting the Home Affordable Refinance Program website.
Yesterday I put out a call on CraigsList for any hard money lenders in the area to contact me. I have a client that is needing to get a piece of property locked up and conventional financing is not going to work for them. Much to my amusement, my inbox this morning was littered with [...]
Fannie Mae has announced a temporary hold on evictions and foreclosures pending announcement of a Federal national foreclosure prevention and loan modification program.
I have to thank Rhonda over at Rain City Guide for breaking this news to me. It looks like on Friday, Fannie Mae revised its rules and now will allow borrowers to have from 5 to 10 homes depending of course on their criteria. As per the quote over on Rain City Guide: Multiple Mortgages [...]
Believe it or not, the answer is yes. However, it is not quite as obvious as before. Gone are the days of 80/20 loans, 100% stated loans, or reduced documentation loans. We are now back in the realm of Government subsidized loans. FHA loans are making a strong come back and along with them are [...]
© Jacquie Cliff – Professional Seattle Area Real Estate Broker with Champions Real Estate Services
