Category Archives: Mortgage News

My Thoughts for the Week of July 5th, 2016

  Hope everyone enjoyed their extended 4th of July weekend, a chance to gather with friends and family. Most know that only 2 founding fathers actually signed the Declaration of Independence on July 4, 1776, with most signing on Aug 2, … Continue reading

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Fannie Mae New Program to Assist First-Time Buyers With Closing Costs on HomePath Properties

Fannie Mae has announced the launch of the HomePath Ready Buyer program, through which qualifying first time homebuyers can receive up to 3 percent of the home’s purchase price in closing cost assistance toward the purchase of a Fannie Mae … Continue reading

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Great News for new FHA Loans – Reduced MI Coming

With the improved quality of FHA loans currently being underwritten many have been calling for FHA to lower their MI premiums and it looks like our voices have been heard. We just found out U.S. President Barack Obama is set … Continue reading

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My Thoughts for the Week of Nov 24, 2014

Happy Thanksgiving, typically a strange week for the bond and stock markets in that there is not a lot of activity or excitement. This year though November as a whole has been pretty quiet. The bond markets and interest rates … Continue reading

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My Thoughts for the Week of Sept 15, 2014

It’s been a busy summer for my office in both purchases and refinances as rates improved to 12 month lows. The industry has been expecting rates to move higher as the Fed eased their bond purchasing program, but International conflicts … Continue reading

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Americans are Going Big with VA Loans

In 2013, U.S. homebuyers using loans backed by the U.S. Department of Veterans Administration (VA) bought the biggest new single-family homes by square feet out of all common loan types for the first time dating back to 1978, according to … Continue reading

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Good News for FHA Borrowers

WASHINGTON – Aug. 27, 2014 – Last week the Federal Housing Administration (FHA) announced that borrowers who prepay their FHA-insured mortgages will not have to make interest payments beyond the date their mortgage is paid in full. It’s about time … Continue reading

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My Thoughts for the Week of July 21, 2014

With growing tension between Putin and the US over the downed Malaysian airliner, increased fighting between Israeli troops and Palestinians, and ongoing instability in Iraq, geopolitical news is controlling the markets right now. There has been a fair share of … Continue reading

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My Thoughts for the Week of July 7, 2014

Welcome back after the holiday weekend and the start of the second half of the year. Last week left us with the June employment report that was better than expected, again making initial headlines. Businesses added 288k jobs in June, … Continue reading

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My Thoughts for the Week of May 19, 2014

Not much on the economic calendar this week but what is there will draw a lot of attention. Both existing and new home sales for April, and the minutes from the last FOMC meeting (4/30) are the keys this week. … Continue reading

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