Tag Archives: FHA
FHA Annual Mortgage Insurance Premium to Increase
On April 18th, the annual mortgage insurance premium is set to increase on all new FHA Mortgages to help HUD meet it’s reserve requirements set by congress. Below is a list of the current annual mortgage insurance premiums (MIP) required by HUD/FHA. Current Market Mortgages with a term Greater than 15 Years Loan-to-Value (LTV) Annual [...]
- March 28, 2011
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry
- / Posted By Mortgage Master Luke
- / No Comments.
The Call to Delay FRB LO Compensation Continues
The Call to Delay FRB LO Compensation Continues Republicans send letter to FRB asking to delay LO Compensation rule. Happy St. Patrick’s Day. David Stevens to leave FHA and take over for John Courson and head of MBA. Bank bailout’s near $1 trillion and now they are poised to potentially replace the GSE’s? Download as [...]
- March 17, 2011
- / Category Mortgage Industry, News, Real Estate Industry, TBWS, Think Big Work Small
- / Posted By Mortgage Master Luke
- / No Comments.
Top 10 Reasons for Getting a New Mortgage in 2011
Rates are still really low. FNMA DU Refi+ and the Freddie Mac Open Access HARP programs are still around through May. You might not have to pay for an appraisal Self-employed people can still get a loan. 100% Financing is available in rural areas (Frederick/Firestone count as rural) FHA has lowered its up-front mortgage insurance [...]
- January 21, 2011
- / Category Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
Get the Process Started Now
The loan process is not what it used to be. In the not so distant past, we used to be able to start a new refinance and get it closed within 3 weeks. Lenders were a lot more streamlined and were staffed to handle the amount of loans they were getting. But because of new [...]
- December 8, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
What Does It Really Take to Qualify for a Mortgage Now?
The majority of the mortgage news you hear about these days has to do with how low the rates are and that it is a great time to refinance. While this is true, these low rates also make it a great time to buy a home. I thought this might be a great time to [...]
- August 25, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge
- / Posted By Mortgage Master Luke
- / 2 Comments.
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