Comments for FHA Expert

Comment on FHA Releases New Mortgage Limits by kellybrook1

kellybrook1 — Mon, 05 Jul 2010 05:31:34 +0000

Excellent post. The information on mortgage is very good . Thanks for the post.

Comment on Details you need to know about Private Mortgage Insurance (PMI) by Tiger Turf

Tiger Turf — Fri, 12 Feb 2010 19:51:36 +0000

Very true, great post… Keem ‘em coming!

Comment on CAMB Government Affairs Chair, Ed “Smitty” Smith Jr. sends you this important message from Congressional Quarterly. by Home Second Mortgage

Home Second Mortgage — Sun, 31 Jan 2010 05:18:45 +0000

This is some valuable information, I just wrapped up my paper for class and think I should go re-edit it lol. You may have just made me a regular

Comment on Will You Be Able To Explain The New Good Faith Estimate To Your Home Buyers by Giovanni Morgret

Giovanni Morgret — Wed, 20 Jan 2010 07:45:16 +0000

Thank you for the post. I liked it. You have a very well-done site.

Comment on Will You Be Able To Explain The New Good Faith Estimate To Your Home Buyers by Lanny Gagnier

Lanny Gagnier — Fri, 08 Jan 2010 21:25:08 +0000

Thank you. Very useful article.

Comment on FHA Secure by fha lending

fha lending — Tue, 05 Jan 2010 05:17:06 +0000

fha lending…

Foreclosure Assistance USA of Kenwood and American Foreclosure Professionals of Blue Ash with several violations of Ohio consumer protection law. A number of consumers have complained that the companies did not deliver on promises that they would halt …

Comment on President Bush in the News again by what is fha loan

what is fha loan — Sat, 02 Jan 2010 22:26:06 +0000

what is fha loan…

You would be hard pressed to find a lender who will refinance your mortgage or give you a home equity loan on a home that is currently for sale. While lenders have different policies on the subject, a lender is going to be cautious about lending money …

Comment on New Limits on FHA loans could reach $500,000 by FHA Mortgage FHA hom

FHA Mortgage FHA hom — Thu, 24 Dec 2009 11:52:34 +0000

That would be great its about tine they finally raise the FHAloan imits, thanks for the info

Comment on Letter from HUD regarding FHA-secure by Short Refinance

Short Refinance — Fri, 11 Dec 2009 16:21:19 +0000

Short Refinance…

Comment on FHA Secure by Best Refinance Rates

Best Refinance Rates — Tue, 01 Dec 2009 16:01:15 +0000

Best Refinance Rates…

It is being reported that American Home Mortgage will cease business today and is declaring bankruptcy. In the very near future Accredited Home Lenders will also probably file. Both cite recent losses and their inventories of less than high quality mor…

Comment on Details you need to know about Private Mortgage Insurance (PMI) by Michael Mekler

Michael Mekler — Fri, 22 May 2009 16:45:11 +0000

Unfortunately, the only way that FHA allows for the PMI to be paid is on a monthly basis. The servicer has absolutely no opnions in the matter. The good news is that after 5 years, if you have made your payments on time, the PMI goes away regardless of the current value of your home.

Comment on Details you need to know about Private Mortgage Insurance (PMI) by michael jackson

michael jackson — Thu, 21 May 2009 19:18:11 +0000

Does the servicer have the opportunity to pay MI on an FHA loan quarterly, semi-annual, or annually, or are they required to make monthly payments?

Comment on Are the current iniciatives by the Fed and the President enough? by Michele

Michele — Tue, 19 Aug 2008 21:16:00 +0000

Now Congress is taking away the 3% Down Payment Assistence Programs for FHA buyers. I think this will make things worse. It doesn’t matter if you have Excellant credit now, you are going to need a down payment. Without the Down Payment Assistence for FHA, consumers with savings, are now going to need this money for down payments on a new home. That money saved could have been used for other services; retail, gas, products to boost the economy in other ways other then real estate. So sad that Excellant credit buyers who have tried so hard to maintain there credit are now required to use ALL there life savings for a down payment. The Down Payment Assistent Programs were not only helping buyers with little funds but it was also helping each State’s budget. Any funds used for the Down Payment Assistent programs where thru a Non-Profit organization and a portion of those funds helped our state. My goverment let me down on this one. So sad!!!

Comment on How FHA Could Help Borrowers by mmekler

mmekler — Sat, 08 Sep 2007 02:11:33 +0000

You can originate loans as a mortgage broker. The surety bonds apply mainly to state licensing regulations not to HUD. I doubt very much that HUD would ever take a surety bond. I am licensed to do loans through HUD in 39 states. The unfortunate reality is that FHA became popular again only because of the media. If you don’t already have a HUD approval you are looking at about a year to get the licensing in place.
Call me if you need further information or a source to place your loans.

Comment on How FHA Could Help Borrowers by Mary Jane

Mary Jane — Wed, 05 Sep 2007 19:47:08 +0000

This is all great but is FHA going to change the rules for Mortgage Broker Approval? Will we ever be allowed to supply a surety bond instead of a grueling audit?