Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group’s new, costly mortgage insurance premium schedule.
Entries Tagged as 'Mortgage Guidelines'
FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers
March 9th, 2012 · Comments Off on FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers
Tags: Mortgage Guidelines
FHA To Raise Mortgage Insurance Premiums April 1, 2012
March 2nd, 2012 · Comments Off on FHA To Raise Mortgage Insurance Premiums April 1, 2012
Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums.
Tags: Mortgage Guidelines
Revamped HARP : Unlimited Loan-to-Value And Same Great Rates
February 10th, 2012 · Comments Off on Revamped HARP : Unlimited Loan-to-Value And Same Great Rates
The government’s new, revamped HARP program is 6 weeks from release. Homeowners are gearing up to refinance.
Tags: Mortgage Guidelines
Banks Start To Loosen Up In Underwriting
February 3rd, 2012 · Comments Off on Banks Start To Loosen Up In Underwriting
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.
Tags: Mortgage Guidelines
Conforming Loan Limits Unchanged For 2012
November 25th, 2011 · Comments Off on Conforming Loan Limits Unchanged For 2012
In 2012, for the 7th straight year, the national, single-family conforming mortgage loan limit will remain at $417,000.
Tags: Mortgage Guidelines
Maximum FHA Loan Limits Restored To $729,750
November 22nd, 2011 · Comments Off on Maximum FHA Loan Limits Restored To $729,750
As signed into law last Friday, maximum FHA loan limits are — once again — as high as $729,750.
Tags: Mortgage Guidelines
Government Releases Additional HARP Guidance For Underwater Homeowners
November 16th, 2011 · Comments Off on Government Releases Additional HARP Guidance For Underwater Homeowners
Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government’s revamped HARP program.
Tags: Mortgage Guidelines
Banks Resume Tightening Mortgage Guidelines
November 10th, 2011 · Comments Off on Banks Resume Tightening Mortgage Guidelines
After a 2-year easing cycle, the nation’s biggest bank banks report that they’ve reversed course, and are raising the bar on mortgage approvals.
Tags: Mortgage Guidelines
The Government’s Revamped HARP Program For Underwater Homeowners
October 25th, 2011 · Comments Off on The Government’s Revamped HARP Program For Underwater Homeowners
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance.
Tags: Mortgage Guidelines
Conforming Loan Limits Drop In High-Cost Areas
October 4th, 2011 · Comments Off on Conforming Loan Limits Drop In High-Cost Areas
For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.
Tags: Mortgage Guidelines