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Rates Dip after Fed decides to hold off on tapering buying of Treasuries and Mortgage Backed Securities

September 19, 2013

Since May of 2013 mortgage rates have been rising due to the market anticipating a tapering of the Feds treasury and mortgage backed securities program. In a surprising turn of …

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Bankruptcy and Foreclosure Seasoning for FHA buyers reduced to 1 year

August 19, 2013

borrowers must prove that income was reduced by 20% or more for a period of 6 months or more borrower must attend housing counseling borrower must demontstrate full recovery from …

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Worst 2-Day Move For Mortgage Rates in 4 Years

June 20, 2013

http://www.mortgagenewsdaily.com/consumer_rates/313679.aspx

Los Angeles Home Loan Interest Rates Vault Catastrophically Higher

May 29, 2013

The headline pretty much says it all May 2013 has been a terrible month for interest rates if you compare where they are today 5/29/2013 compared to the historic lows …

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Seems like HUD/FHA funds are ok but they still continue to raise Upfront & Annual MI Premiums

February 13, 2013

Read this article

FHA Announces Changes to Annual Mortgage Insurance Premiums

February 5, 2013

Please read the attached FHA Mortgagee Letter 2013-04 for specific MIP factor information and implementation. A short summary is listed below. FHA has announced three important changes to FHA Annual …

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