Archive for the Mortgage Loans Category

Short Sales Might Get Easier???? I’ll Believe It When I See IT!!

May11
"Falling Short" - Generation Song   Short-sales have been a challenge in our market for the last few years. New legislation is supposed to make it better. My personal experience is that, "I'll believe it when I see it"!! But, of course, I hope that it's true!! Here is an article from RisMedia: (MCT)—The short sale process could get a lot quicker starting this summer under new rules that will require lenders to respond to offers within a month. Fannie Mae and Freddie Mac, the nation’s two largest mortgage backers, will implement the guidelines on June 15. The changes requ… Read More

April 2012 Portland Metro Real Estate Update!!

April20
"Crazy" - Gnarls Barkley APRIL 2012 PORTLAND METRO REAL ESTATE UPDATE!!! Hi again…what, so soon???!!!  Yes, last month's update was late and so here I am again in your "in-box"!!!  What's happening in our real estate market???  It's a bit crazy, a "gold-rush"!  There is a lot of pent-up buying energy, mixed with some positive economic news, add in a dash of "close-to-bottomed-out-prices" (if not totally bottomed out), then stir with a hint of the possibility of interest rates rising and you have a "flambé" (I'm talking like I actually know how or have time to cook?).  Now, mont… Read More

Housing Affordability Could Be at the Best Levels We Might See in Our Lifetime???

April12
"Money's Too Tight to Mention" - Simply Red The Housing Affordability Index was developed over thirty years ago to help consumers determine when it is a good time to buy a home. It's considered advantageous to the buyer when the index is over 100 because a median income family can qualify for a median price home. Recent figures released by the National Association of REALTORS' economic department show that the 2011 index of 184.5 is the highest annual average since it has been calculated. The most recent month released, December 2011, was 194.9. The index is also broken down into four … Read More

CH-CH-CH Changes…Once Again Changes are a-coming in FHA Financing!

April5
"Changes" - David Bowie/Ziggy Stardust Ch-Ch-Ch-Changes!  Once again changes to FHA (Federal Housing Authority) mortgage lending: HUD has made several announcements regarding changes to FHA financing recently.  Below are a few highlights and key dates for you to know.  These are especially important if you are considering FHA financing and currently looking for a home!! FHA Changes Coming in April 2012: 1.      Self Employed borrowers will be required in most cases to provide a current P&L (profit & loss) statement and a Balance Sheet for qualification 2.     … Read More
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