6/17/2009 8:15:00 AM
Update on Section 203k Rehabilitation Mortgage Insurance
Program Description When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first in order to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent ...
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6/17/2009 8:12:00 AM
New Information for The "Hope for Homeowners" Program
Program Description This is a new program for people at risk of losing their home due to default and foreclosure. The program provides new, 30-year, fixed rate mortgages that are insured by the Federal Housing Administration (FHA). Homeowners having difficulty ...
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6/12/2009 10:36:00 AM
Former Sub-Prime Lenders are back to PROFIT of the Mess they MADE! Seriously? Just some thoughts!
Former sub-prime lenders are back to profit off the mess they made. Seriously? By Mandelman - Last updated: Tuesday, June 9, 2009 - Save & Share a2a_linkname=document.title;a2a_linkurl=location.href; - Leave a Comment Warning: People with heart problems, ...
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6/12/2009 10:02:00 AM
How to Refinance under the Housing Affordability and Stabilization Plan
REFINANCING UNDER THE HOUSING AFFORDABILITY AND STABILIZATION PLAN This initiative has a two prong approach to stabilize the housing industry, relying on modifications and refinances. How do you determine which would apply to any situation? If the homeowner ...
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6/4/2009 8:53:00 PM
First Quarter '09 Home Sales Show Promise posted on VAR
Existing home sales in Virginia during the first quarter of 2009 totaled 15,795 units, down 4.7% from the same period in 2008. In the fourth quarter of 2008, the state had 16,998 total sales. Knowing that home sales are cyclical and that the first quarter ...
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6/4/2009 8:43:00 PM
Pending Home Sales UP for Three Months in a Row
Pending Home Sales Up for Three Months in a Row WASHINGTON, June 02, 2009 Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association ...
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6/4/2009 8:18:00 PM
Chart Reflecting the Current Modifications to the First Time Homebuyers Credit
FIRST-TIME HOMEBUYER TAX CREDIT As Modified in the American Recovery and Reinvestment Act Major Modifications Italicized February 2009 FEATURE CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 REVISED CREDIT – EFFECTIVE ...
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6/4/2009 8:16:00 PM
Who Qualifies and Timeline to Use First Time Homebuyers Tax Credit
Bringing the Dream of Homeownership Within Reach As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers. ...
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6/4/2009 8:12:00 PM
Tax Credit CAN Be Used on Closing Costs...Breaking News
Daily Real Estate News | May 29, 2009 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png';
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6/4/2009 8:06:00 PM
Mortgagee Letter to Use 2009 First Time Homebuyers Credit
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSINGFEDERAL HOUSING COMMISSIONER www.hud.gov espanol.hud.gov May 29, 2009 MORTGAGEE LETTER 2009-15 TO: ALL APPROVED MORTGAGEES SUBJECT: Using First-Time Homebuyer ...
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