Despite tougher mortgage guidelines and better loan disclosures for consumers, mortgage fraud is on the rise.
California Conforming and FHA Loan Limits for 2011
Conforming mortgages in California are appropriately named because they conform to the mortgage guidelines set forth by Fannie Mae and Freddie Mac. Of the many traits of a conforming mortgage, one is “loan size” and loan sizes have limits. Mortgages exceeding this loan size limit cannot be securitized as a conforming mortgage and, therefore, are […]
Changing Again: New Lending Rules Starting December 13, 2010
Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines. Plan accordingly
Did You Miss the $8000 Federal Home Buyer Tax Credit? You May Be Glad You Did.
Inland Empire California Home buyers who were frantically making offers on homes but missed the $8,000 federal home buyer tax credit deadline on April 30 may be happy they did miss it.
Are FHA Minimum FICO Scores Going Up to 640 for California Home Buyers?
Are FHA minimum FICO scores going up for Inland Empire California home buyers? Yes and no. What you need to know to prepare.
What’s Ahead For California Mortgage Rates: September 27, 2010
In back-and-forth trading last week, conforming mortgage rates bottomed out Wednesday before rising through Friday’s afternoon close. This week should be even more volatile.
$8000 Home Buyer Tax Credit Extended for Military Combined with a No Down Payment VA Home Loan…WOW!
California’s military Armed Forces received an extension for both the $8000 first time home buyer and $6500 repeat/move-up home buyer tax credit. Combine this with a VA $0 down payment home loan and the you could purchase a home with literally nothing out of pocket.