(Originally published February 1, 2010.) Don’t look now, but buying or refinancing a condo or a coop just got harder. Over the past two years, Fannie Mae and Freddie Mac suffered huge financial …
Good Faith Estimate 2010 – The Good, The Bad, and The UGLY.
(Originally published January 24, 2010.) As of January 1, 2010, the latest government revision to the banking industry has been the redesign of the Good Faith Estimate (GFE). In years past, there …
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What Will 2010 Bring to the Real Estate Industry? Let Me Check My Crystal Ball.
(Originally published January 9, 2010.) For many, 2009 proved to be a year of turmoil, financial hardship, change, and reinvention. The real estate industry came to a screeching halt as the US …
Haven’t you Heard? The Lending Industry Is In Crisis.
(Originally published December 26, 2009.) These are interesting times. Fannie Mae and Freddie Mac, the nation’s two largest sources of mortgage money, are under federal control. Lenders …
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Coop Market Faces Challenges When QUALIFIED Mortgage Planners Aren’t Utilized
(Originally published November 26, 2009.) Coops are a unique form of homeownership, prevalent in New York City and certain communities throughout Long Island. With coops, the “homeowner” does not …
Home Buyer Tax Credit Extended Through Spring 2010
(Originally published November 14, 2009.) With the First Time Home Buyer Tax Credit Program set to expire at the end of November, President Obama has signed legislation extending the $8,000 credit …
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