Last Week in Review: Washington was at it again, with big news from both Congress and the Fed. Learn what this means for you…and for home loan rates! Forecast for the Week: Two juicy economic reports bookend the week, bringing highly anticipated news on inflation and the labor market. View: Hitting the road for July [...]
ShareToday’s market continues to be geared towards buyers. Sellers are willing to do what it takes to make their home stand out in the midst of the rest. One way to make a home purchase appealing is through the 2-1 Buy Down program. This program offers the borrower a lower initial payment for a fixed [...]
ShareIn This Issue Last Week in Review: Don’t be fooled by today’s low rates… Forecast for the Week: More housing news – plus, why the Fed’s upcoming meeting is so important. Weekly View: Kids and credit cards – what do you need to know? Last Week in Review “NOBODY CAN GO BACK AND START A [...]
ShareAs you are painfully aware, in May Congress allowed the National Flood Insurance Program’s authorization to lapse again for the second time in several months. Several weeks later NFIP is still without the ability to issue flood coverage to close loans. NOVA’s Insurance Division, NOVA Insurance Services, understood that not being able to deliver evidence [...]
ShareShare var button = document.getElementById(‘facebook_share_link_234′) || document.getElementById(‘facebook_share_icon_234′) || document.getElementById(‘facebook_share_both_234′) || document.getElementById(‘facebook_share_button_234′); if (button) { button.onclick = function(e) { var url = this.href.replace(/share\.php/, ‘sharer.php’); window.open(url,’sharer’,'toolbar=0,status=0,width=626,height=436′); return false; } if (button.id === ‘facebook_share_button_234′) { button.onmouseover = function(){ this.style.color=’#fff’; this.style.borderColor = ‘#295582′; this.style.backgroundColor = ‘#3b5998′; } button.onmouseout = function(){ this.style.color = ‘#3b5998′; this.style.borderColor = ‘#d8dfea’; this.style.backgroundColor = ‘#fff’; [...]
ShareWith the rush of home buyers buying homes in April to qualify for the Home Buyers Tax Credit, lenders, title companies, appraisers and other players in the home buying process are causing a bottled necked in closing these loans by the end of June 30th deadline. Today the Senate had approves an amendment to extend [...]
SharePima County first time home buyers are still eligible to take advantage of the Pima County Bond Money Loan program. This program provides a low interest rate of 4.55% for 3 years fixed for FHA and VA loans. This loan program has income restrictions however most buyers who qualify for FHA or VA loans will [...]
Share“ACTIONS SPEAK LOUDER THAN WORDS,” or so the popular saying goes. But the words from various Fed members on the actions they feel need to be taken are getting pretty loud. And what could all this potential action mean for home loan rates? Read on to learn more. There has been growing debate among Fed [...]
ShareRecent changes have lessened the lending business. While guidelines have weakened slightly, requirements of verification have increased due to the release of Fannie Mae’s Loan Quality Initiative (LQI). Previously lenders would ask borrowers to voluntarily disclose any new debts that do not appear on the borrower’s credit report. Fannie Mae’s Loan Quality Initiative now requires [...]
ShareThe Area Median Income (AMI) limits have been updates for the Your Way Home Arizona Program. The slight increase will help more clients become eligible for Your Way Home Arizona. Please see the NSP Fact Sheet 06-01-2010 for the new limits. Note that the counties that have a strike through them no longer have funds available. [...]
Share