It’s about to get tougher to qualify for a Federal Housing Administration (FHA) mortgage, often considered the replacement loan for the collapsed subprime market.
Originally posted here:
Tighter Requirements for FHA Loans Loom
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Tag: privacy-policyA word of advice for builders, contractors, developers and all other players interested in re-building strength back into the real estate marketplace: only strong, balanced, and experienced leadership at the executive level will pull the industry through to the next upcycle. According to Bill Ferguson, author of the new book “Keepers of the Castle: Real Estate Executives on Leadership and Management” it is time to rid the industry of the greed and egos that helped contribute to the industry’s downfall and allow the “great leaders in the industry” to get real estate back on its feet. Now, says Ferguson, companies must implement another business strategy–a focus on leadership and building a leadership bench within their companies.
Here is the original:
Nine Leadership Mistakes to Consider As You Rebuild Real Estate
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How much is your real estate–your house, condominium unit, cottage, income property–worth in this market?
Source:
What’s My Real Estate Really Worth?
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It may not feel like Spring in your town, but for most of the United States, we’ve turned a corner. The sun is shining, the snow is melting, and the crocuses are poking their heads up through the ground; a brutal winter is winding down.
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Despite being just 3 1/2 weeks from the much anticipated end of government purchasing of mortgage-backed securities, mortgage rates remain steady.
Excerpted from:
Mortgage Rates: The Calm Before the Storm?
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If you’re trying to figure out where real estate is headed in the coming months, should you listen to the Federal Reserve — or do you focus on the latest pending home sales numbers?
More:
Real Estate Outlook: Federal Reserve Beige Book
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One of the first steps to take as a potential home buyer is to get pre-qualified for a loan. This step helps both you and your lender learn just how much home you can afford. And you should begin this process before you even start looking for a home.
Excerpt from:
Pre-Qualifying for a Mortgage
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McLean, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey
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Fannie Mae wants to sell its housing inventory that it acquired through foreclosures. The properties are listed for sale on HomePath.com. To do so, it’s offering buyers incentives for those properties.
Source:
More Incentives To Buy Home: Fannie Mae Offers Money for Closing Costs and Appliances
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The latest spin on government-sponsored mortgage modifications, demands that home owners provide an initial package of documents before the first phase of a modification can begin.
Read the original:
Feds Help Speed Up Your Mortgage Modification
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Whether you are a believer in the GREEN movement or not, designing buildings that use strategies aimed at improving the performance of metrics that matter most: water efficiency, CO2 emissions reduction and energy savings makes sense. The last two years have been a wake-up call for not only Americans but for citizens of the world. We have all been faced with the rising cost of the natural resources we use every day and have come to understand the wisdom of conservation.
Continued here:
Future Architects Design Sustainabale Architecture
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Many rules enacted by homeowner association boards tend to use the Stick Method for rules which assumes folks need to be beaten to comply. The Carrot Method coaxes people into compliance by using guidelines that are reasonable and equitable. Guess which method works better to harmonize an HOA?
See the original post:
Carrot or Stick Rules
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The bankers are once again attempting to tilt the system in their favor by trying to turn Florida into a non-judicial foreclosure state. What this would mean is that the banks would not have to go through the legal system in order to have a foreclosure sale, which they currently must. My law firm represents thousands of homeowners in foreclosure and we are licensed to practice in several states including California, which is a non-judicial foreclosure state. I have seen how the banks simply steam roll homeowners in California, making no good faith effort to help keep these people in their homes.
Source:
Editorial: Banks Are Looking For More Bailouts
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With Canadian house prices rising and sales booming, the government is “acting to prevent Canadian households from getting overextended, and acting to help prevent some lenders from facilitating it,” says Minister of Finance Jim Flaherty. New mortgage rules make it a little tougher for buyers to qualify for high-ratio mortgages, and are designed to discourage speculators.
More:
What Canada’s New Mortgage Rules Mean to You
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Home buyers and home sellers have the same goal: an exchange of property. Buyers want to pay as little as possible for the nicest house they can afford; sellers want to earn as much as possible on their property. They may seem like conflicting interests, but they aren’t. Buyers and sellers goals, at bottom, are both about making a fair trade.
Credit:
Quick and Easy Interior Design for Home Sellers
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Style My House
