F.H.A. to Raise Premiums On Annual Mortgage Insurance
FEDERAL Housing Administration mortgages, the government-insured loans that have surged in popularity in recent years, will be getting slightly more expensive this spring. The F.H.A. announced this month that it was raising the annual mortgage insurance premium for...HUD Listings For Owner Occupants Question
Question: Mike, there are some foreclosures we can not bid on because it goes to potential homeowners first. Isn’t that discrimination? Can they get by with it? Thanks Mike, Farril ANSWER: Great Question Farril. Sorry, but you lose on this one. HUD has...Rental Housing BOOM – The New Costs of Renting
Freaked by the housing market , more would-be home buyers are opting for rentals – driving rents up along the way. But it’s not just rising rents that new renters have to worry about. A handful of new costs could make renting less than the bargain it appears....New Federal Law For Mortgage Brokers Affects Real Estate Investors
STARTING April 1, under a new compensation rule from the Federal Reserve, borrowers who get their mortgages through brokers will most likely pay less for their services and must be offered the lowest possible interest rate and fees for which they qualify. The new rule...Monday, March 18, 5:55 pm
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