FHA Head: Don’t Raise Down Payments

Day: March 23, 2010

FHA Head: Don’t Raise Down Payments

FHA Head: Don’t Raise Down Payments

From Daily Real Estate News, March 12, 2010 Now is not the time to raise the downpayment requirement on a Federal Housing Administration loan, warns FHA Commissioner David Stevens. Stevens, testifying before a committee of the U.S. House, said his agency would probably insure 300,000 fewer home loans per year if the mandatory down payment…  Continue Reading

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Confessions of a Mortgage Broker

Confessions of a Mortgage Broker

From: JoeConsumer.com – Written By: Helen Kaiao Chang Here’s what you need to know about how mortgage brokers really work: “When I have a client I really don’t like — he’s a pain in the *** — that’s when I charge as much as I can get out of them,” says Jack, a mortgage broker based…  Continue Reading

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Relief for 170,000 Troubled Homeowners

Relief for 170,000 Troubled Homeowners

Mortgage help: 170,000 get permanent aid By Tami Luhby, senior writer CNN Money NEW YORK (CNNMoney.com) — More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they’ve received permanent modifications under the Obama administration’s foreclosure prevention program. Some 15.5% of those who entered the program have gotten long-term adjustments through…  Continue Reading

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This Could Be You…

This Could Be You…

Here is a quick testimonial from Richard Graham, one of our Gold Students, showing his first Short Sale Payday of $14,912! If you would like to be featured on the blog send in your testimonials to Sheila at SArthur@srecnow.com

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