Posted on December 9th, 2011 by Carlo Capomazza
Help with a down payment With most lenders requiring borrowers to put down at least 20 percent as a down payment – unless using an FHA or VA loan, or purchasing mortgage insurance – the best holiday gift some people might receive would be help with a down payment on a house.
Filed under: Buying, Commentary, Finance, IRS, Money-Saving, Tax Issues, VRN | No Comments »
Posted on April 25th, 2011 by Carlo Capomazza
Two weeks ago I suggested that homebuyers be ready to act swiftly if mortgage rates dipped, since most experts are predicting that rates will remain on an upward trend as we look forward. I hope you potential homebuyers out there were listening because mortgage rates did ease last week, and current market conditions have made [...]
Filed under: Buying, Loan modification, Mortgage, Mortgage Rates, News, Real Estate Market, Refinance, VRN | No Comments »
Posted on February 16th, 2011 by Carlo Capomazza
“The Obama administration proposes to reduce the “footprint” of Fannie Mae and Freddie Mac by reducing the ceiling on loans that the two government-controlled lenders can guarantee as of October 1, 2011. Current federal law allows the two agencies to guarantee mortgages up to $729,750 in some high-home price areas. The administration recommends that Congress [...]
Filed under: Buying, Current Events, Economy, Fannie Mae, Finance, Loan modification, Mortgage, Mortgage Rates, Real Estate Market, Realtor, Refinance, VRN | No Comments »
Posted on October 1st, 2010 by Carlo Capomazza
Late yesterday, President Obama signed a resolution that included a provision extending through fiscal year 2011 the current conforming loan limit of $729,750 for high-cost areas, including many in California. The same limits will also be extended to loans insured by the Federal Housing Administration.
Filed under: Buying, Current Events, Fannie Mae, Making Home Affordable, Mortgage, Real Estate Market, Realtor, VRN | No Comments »
Posted on February 2nd, 2010 by Carlo Capomazza
Faster Sales Coming For Foreclosure Buyers Foreclosure buyers got a Christmas Eve goodie from Fannie Mae, a new strategy that’s likely to make foreclosure purchasing very much quicker. The catch? A bunch of lenders are about to be very unhappy. Until the recent real estate meltdown, foreclosures were a problem but not too much of [...]
Filed under: Commentary, Mortgage, Real Estate Market, Short Sale, VRN | No Comments »
Posted on January 12th, 2010 by Carlo Capomazza
We’ve been following developments in the mortgage insurance (MI) industry for a while now, documenting the reasons why the industry has practically disappeared from the marketplace, questioning why it wasn’t being assisted to a greater degree by the government, and declaring that mortgage credit conditions won’t improve without the resurrection of MI.
About four months ago [...]
Filed under: Mortgage, Real Estate Market, VRN | No Comments »
Posted on October 23rd, 2009 by Carlo Capomazza
The Department of Housing and Urban Development’s FHA Streamlined 203(k) loan allows qualifying home buyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in.
Filed under: Credit, Current Events, Finance, Home Improvement, Money-Saving, Mortgage | 1 Comment »
Posted on August 16th, 2009 by Carlo Capomazza
First-time home buyers had better get a move on if they hope to take advantage of the $8,000 federal tax credit. The window of opportunity is closing rapidly.
Filed under: Current Events, Foreclosure, LA Area, Money-Saving, Mortgage, Real Estate Market, Tax Issues | No Comments »
