June 2008 - Posts

FHA to Go Risk Pricing
F HA has been the sole holdout among the major mortgage market players in declining to use FICO credit scores in its underwriting process. FHA currently does not require credit scores to guarantee a mortgage, but individual lenders originating FHA loans Read More...
Posted 02 June 08 09:45 by Robert Buckman | 0 Comments   
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Opportunities for Buyers and Sellers
F oreclosures are way too high, but in at least some cases they should be avoidable. There are options for homeowners in advance of foreclosure and those who are behind on their mortgage payments need to understand them. Working out a loan modification Read More...
Posted 02 June 08 09:38 by Robert Buckman | 0 Comments   
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Fannie May Roll Back Geography Penalty
A t a time when lenders have been announcing ever-tighter mortgage requirements, it is nice when we can report a move in the other direction that will benefit homebuyers , especially first-time buyers. Maybe it will even become a trend. Fannie Mae has Read More...
Posted 02 June 08 09:34 by Robert Buckman | 0 Comments   
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Mid-Year Housing Update
T he negatives of the current housing market are getting more than their fair share of play in the media: an exceptionally large number of homes available, falling prices, tougher financing rules, reluctant buyers and too many foreclosures. Everyone has Read More...
Posted 02 June 08 09:17 by Robert Buckman | 0 Comments   
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