BY: KRISTA FRANKS BROCK, DSNews.com 10/23/2013 Marking 19 consecutive months of appreciation, the Federal Housing Finance Agency’s (FHFA) House Price Index rose 0.3 percent on a seasonally adjusted monthly basis in August. On a yearly basis, the index is up 8.5 percent. Prices are now 9.4 percent below their April 2007 peak, according […]
FHA to Take First Ever Bailout from DSNews, By: Tori Barringer
The Federal Housing Administration (FHA) will be accepting a bailout of more than $1 billion to make up for losses sustained from the agency’s legacy books and its reverse mortgage program. Following reports last week that FHA’s financial situation would require a Treasury draw in the neighborhood of the Obama administration’s $943 million forecast, Commissioner Carol Galante revealed in […]
What Does the Government Shutdown Mean for the Housing Market?
As the federal government ground to a halt Tuesday, the question of how the shutdown will affect the housing market remains at the front of everyone’s mind. How will the market react? The answer: it depends. Read more here . . . http://tinyurl.com/krzo43o
News From the FAMP Government Affairs Committee
News from Kimber White, Chair and Legislative Liaison October 1…Government Shutdown in Effect…Now What? Federal agencies are preparing for a shutdown of large portions of the government that would become effective beginning October 1, 2013. The information outlined below addresses the impact on the mortgage industry: HUD / FHA: The FHA should not be […]
Florida helps write down mortgages for underwater homeowners
New from the FAMP Government Affairs Committee By Kimberly Miller – Palm Beach Post Staff Write Florida’s key foreclosure prevention program has turned its sights on seriously underwater homeowners, offering up to $50,000 to pay down mortgage debt and help regain equity in the state’s still mending real estate market. Announced Friday, the new plan differs […]
Trulia: Owning Remains Significantly Cheaper than Renting
DSNews.com BY: KRISTA FRANKS BROCK, 9/19/2013 Despite rising interest rates, owning a home is still significantly cheaper than renting at a national level and in most large metropolitan areas, according to Trulia’s Summer 2013 Rent vs. Buy Report. While rising interest rates are closing the gap between renting and owning, owning is still 35 percent […]
Thank you Lisa!
Thank you Lisa! Such a relief to have someone willing to work with us and help us to save our home. These past two years of working with Green Tree have been extremely difficult. Mr. & Mrs. Greenaker 5-19-12
HARP 2.0
HARP 2.0
Mortgage rates drop ahead of HARP
Mortgage Rates HARP Revival
10 first-time-homebuyers mistakes
10 first-time-homebuyers mistakes
