by Jon Terry | Apr 17, 2012 | Blog, Foreclosure, Mortgage Guidelines
The new, revamped HARP program is now available in Colorado and nationwide. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the conforming mortgage loan...
by Jon Terry | Apr 5, 2012 | Blog, Buying A Home, Mortgage Guidelines, Residential Real Estate
Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today. Beginning next week, the Federal Housing Administration (FHA) is changing the way it charges mortgage insurance to U.S. homeowners. For the fourth...
by Jon Terry | Mar 10, 2012 | Blog, Mortgage Guidelines
Beginning April 1, 2012, the FHA is once again raising mortgage insurance premiums (MIP) on its newly-insured borrowers throughout Colorado and the country. It’s the FHA’s fourth such increase in the last two years. Beginning April 1, 2012, upfront...
by Jon Terry | Feb 10, 2012 | Blog, Mortgage Guidelines
The government’s new, revamped HARP program is 6 weeks from release. Homeowners in Colorado and nationwide are gearing up to refinance. HARP is an acronym that stands for Home Affordable Refinance Program. HARP is the government’s loan product for...
by Jon Terry | Feb 5, 2012 | Blog, Mortgage Guidelines
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”. The Federal Reserve conducts a quarterly survey of its member banks and, last quarter, not a single responding bank reported having tightened its mortgage guidelines...
by Jon Terry | Dec 16, 2011 | Blog, Mortgage Guidelines
After a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law the later part of November this year, maximum FHA loan limits are — once again — as high as $729,750. The move creates additional mortgage financing...
