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FHA’s ‘Back To Work’ Program
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New FHA Mortgage Premiums: Game Changers or Just a Change?
By Jennifer Klein and Derek Sandoval FHA mortgage insurance premiums rose on April 1, 2013. Placer County Association of REALTORS® YPN members Jennifer Klein and Derek Sandoval discuss exactly what has changed as well as what these changes mean for real estate professionals and those applying for a loan. Jennifer Klein is a REALTOR® in Northern California who is experienced …
FHA Audit Results Are In…
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HUD Seeks Public Comment: This Means You
By Nobu Hata The skinny: The Department of Housing and Urban Development is seeking public commentary through Aug. 14 on three “measures” that “reduce financial risk and preserve affordable mortgage financing for responsible consumers.” The measures: 1. Update the combination of credit and down payment requirements for new borrowers. New borrowers seeking FHA-insured financing will be required to have a …
No Tax Credit? No Problem!
By Michelle Flaherty Has the incentive for first-time home buyers to break into the market just gone away? My non-scientific market research has shown me that it has not. My buyer clients are still excited about the house hunting process, low interest rates, and attractive offerings at low prices – and I’m hearing the same from my peers. In fact, …
FHA Condo Financing & Stunting Real Estate Recovery
By Laura Rubinchuk When I heard about the new FHA DELRAP/HRAP guidelines for condo financing, my gut reaction was, “Well, I might as well go find another job.” Some of the subjective guidelines for the new approval process will greatly affect my market: -Proximity to a noise (i.e. busy streets, highways) -Proximity to a gas station -Percentage of commercial space …