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Jul 15, 2017Feb 17, 2024 Brandon Turner

4 Risks & Drawbacks to USDA Home Loans

The USDA loan includes a lot of great features than can help you get into a home with almost nothing out of pocket. So why doesn’t everyone do a USDA…

Oct 16, 2016Feb 17, 2024 Joshua Dorkin

USDA Rural Development Loan: The 100% Financing Loan That’s Not “Just for Farmers”

The USDA rural development loan, although rising in popularity, is still lesser known than many other sources of funding. Here's what you should know.

Dec 13, 2010Feb 20, 2024 Ryan Hinricher

Government Assistance to Investors, Interest Rates Spike, Purchase Activity Up

Is the housing market turning a corner? Indicators show that not even the spiking interest rates are slowing the recovery. Also the government is considering programs geared towards assisting investors,…

Oct 08, 2010Feb 13, 2024 Joshua Dorkin

Bank of America Halts the Sale of Foreclosures in All 50 States

In another sign of the mass chaos that has crippled the US housing market, the AP is reporting that as of today, BofA has halted all foreclosure sales throughout the…

Jul 27, 2010Feb 17, 2024 Justin McHood

Fannie Mae Outlaws Appraisal Cutting

I didn’t realize that underwriters cutting appraisals was still a problem. I mean, I remember it being a big deal when it seemed that everyone I knew wanted to refinance…

Jul 05, 2010Feb 13, 2024 Richard Warren

County Ordinance Hurts Las Vegas Foreclosure Investing

What were they thinking? Like many municipalities, Clark County Nevada is in dire financial straits. The budget crunch has led to hundreds of layoffs, cuts in services, and numerous added…

May 14, 2010Jun 10, 2024 Chris Birk

Underwriting Changes Could Squeeze Out Military Borrowers

Military families might have to pay a steep price for the mortgage lending sins of the recent past. The Senate this week tacked on a new amendment to the massive…

May 04, 2010Feb 17, 2024 Justin McHood

VA Loans: What Is “Reasonable and Customary”?

One of the great benefits for a Vet getting a VA loan is that the Vet is protected somewhat against being overcharged by a loan officer. The official language from…

Apr 27, 2010Feb 17, 2024 Justin McHood

USDA Loans: More Funding On The Way?

Last week, the House Financial Services Committee voted unanimously to approve HR 5017 – the Rural Housing Preservation and Stabilization Act of 2010 which means that the next step is…

Apr 26, 2010Jun 10, 2024 Chris Birk

Mortgage Industry Reform: Cure Worse Than Disease

When it comes to potential new legislation governing the mortgage industry, the cure may prove worse than the disease. The Senate is preparing to consider the “Restoring American Financial Stability…

Apr 21, 2010Jun 10, 2024 Chris Birk

Some Light in the USDA Tunnel?

With its funding all but dried up, the USDA’s increasingly popular Rural Development loan program may be on the brink of resuscitation. Two House members recently introduced bills that would…

Apr 20, 2010Feb 13, 2024 Justin McHood

Fannie Mae Reduces Waiting Period for Pre Foreclosure Events

Recently Fannie Mae has come out with guidance that makes the waiting period for people who agree to a deed-in-lieu of foreclosure from four years to two years before they…

Mar 30, 2010Feb 17, 2024 Justin McHood

HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?

The HEFI program is a newly launched program that is designed to solve the negative equity problem as well as act as a replacement for HELOC or 2nd mortgages.