(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 …
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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New Truth In Lending Laws Still Causing Mortgage Delays.
(Originally published October 31, 2009.) Its common knowledge that when applying for a mortgage, borrowers receive a mailbox full of applications, forms, and disclosures, all sent by the bank, all …
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FHA Revokes All Condo Approvals!
(Originally published September 8th, 2009.) ATTENTION ALL CONDO BUYERS AND REALTORS WITH CONDO LISTINGS: If you’re planning to get an FHA mortgage on a condominium, you had better act fast! As …
FHA Increases Minimum Required Credit Score Again
(Originally published September 7, 2009.) The mortgage industry is continuing its evolution towards higher and higher credit requirements. This month, FHA announced it will require minimum credit …
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Mortgage Borrowers Getting Burned by Retail Banks
(Originally published on August 27, 2009.) It’s been a hell of a year so far. We’ve seen lenders shut down, banks merging, and government takeovers. We’ve seen government mandates to lend…yet …
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