FHA loans are fast becoming an excellent option again.  The FHA was created in reaction to the crash back in the 1930’s.  The FHA was created to help bail out the extreme housing crunch of the Great Depression, and once again it is poised to help stabilize the mortgage and housing industry over the next […]

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 The federal reserve has slashed rates again, dropping the fed funds rate to 2.25%.  This is good news for borrowers on adjustable loan programs tied to the prime rate, which now stands at 5.25%.  It has also trickled down to impact the 30 year fixed mortgage rates. Although they are not tied directly to the […]

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 FHA loans are becoming some of the more popular choices, and should continue to increase in popularity over the coming months.  FHA programs feature mortgage insurance programs to help low and moderate income families obtain financing by lowering some of the costs of their home loan.  FHA mortgage insurance also gives incentive to companies to […]

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New conforming loan limits hit the ground this week, making it easier for some homeowners and potential buyers to qualify for loans once categorized as jumbo loans.  These new limits are good from March 6, 2008, through the last day of the year, barring the program being extended.
These new limits are determined by county, and […]

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Loan Workouts are on the rise, which is good news for the troubled real estate markets.  In the fourth quarter, delinquency rates were still rising, but the number of loan workouts also rose due to a number of factors.
One of the reasons for the increased number of loan workouts is the falling interest rates.  Many […]

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