While the new improved FHA policy looks to aim at the hardest hits part of the county, this is definitely an improvement in understanding how to tackle a difficult problem. Over the last 4+ years, 50% of the sales I have been involved in have been Short Sales. There is no shortage (no pun intended) […]
FHA Loans are about to get more expensive
On April 9th the Federal Housing Administration announced that the cost of mortgage insurance premiums are going up. This will affect home buyers in the following ways: An increase from 1% to 1.75% in the upfront mortgage insurance premium A .10% increase in the annual mortgage insurance premium. On June 11, 2012 loans exceeding $625,000 […]
