**FEDERAL TAX CREDIT EXPIRES APRIL 30TH 2010**
The federal tax credit for home buyers is set to expire on April 30th 2010!! Buyers and Sellers need to be in a purchase contract by this date and the …
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Home Owners Associations with >= 15% of the Homeowners 30+ days delinquent on HOA dues
This is a huge problem for almost every condo association in Southern California now. With almost every condo owner who purchased or did a cash out refinance after 2003 upside …
Read MoreHome Owners Associations with >= 15% of the Homeowners 30+ days delinquent on HOA dues
Fannie Mae 8.0 DU Changes 12-12-09
During the weekend of December 12th, Fannie Mae will update DU to the 8.0 release. Some of the changes that will occur include: * Maximum DTI to 45% (50% in …
FHA Condominium Spot Approval Guideline Update
Mortgagee Letter 09-46a (Spot Approval Guidance) and 09-46b combined. (This is the first time they’ve ever had a 2 part letter). Here’s what you need to know: 46(a) – extends …
Why we need to see your complete tax returns with all schedules
Here is why we always need copies the borrowers last 2 years tax returns (as of this post 2007/2008 1040’s) We’ve had 2 files last week fall apart due to …
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VA Loans
Need to know information about VA loans (Loans for Veterans of the Armed Forces). 1. Financing up to 100% 2. Minimum FICO 620 3. Ratios up to …