Troubled homeowners choose strategic mortgage default
January 24, 2010 by dirkknudsen · Leave a Comment
By Amy E. Buttell, Cyberhomes Contributor With one-quarter of all homeowners underwater and many unable to refinance, more are considering what was previously unthinkable: walking away from their homes, even though they can afford their payments. It’s an idea that’s gaining currency. Experian, a credit rating firm, and Oliver Wyman, a consulting firm, estimate more [...]
FHA Loan Guidelines Changing Again: Catch Up
January 20, 2010 by dirkknudsen · Leave a Comment
Great info to read up on. These new rules will stabilize the markets but will mean it is harder to get into a home. There is still good FHS funding out there however. It is very important to note these Rule Changes. here is the post from the HUD Website: FHA Announces Policy Changes to [...]
