Angus Beal's (angus7572) Blog

By
Real Estate Agent - United Brokers Group
RECENT BLOG POSTS
Interesting developments in the TARP program and a wrinkle for agent across the country: RE: Home Affordable Modification Program The FHA will be offering U.S. banks that are holding mortgages that are underwater (25% or more of existing mortgages--CNN Money.com 2/23), 97.75% of present market va...
03/26/2010
Question: OMG! FHA is increasing the upfront mortgage insurance!  What does that mean to our clients?       Answer:  FHA is increasing the upfront mortgage insurance from 1.75% of the loan amount back to the original 2.25%.  On a $200,000 loan amount a difference of……wait for it: five dollars a m...
03/24/2010
Things your client should know about the tax credit that they aren’t being told: CPA Shares Little-Known Facts About the 2009 Home Buyer Tax Credit Extension Like most government legislation, the Nov 6, 2009 homebuyer tax credit extension created more questions than answers. However, according to...
03/19/2010
According to the ICSC-Goldman Sachs index, retail sales rose 2.9% for the week ending March 6. It was the biggest weekly gain in nine years. On a year-over-year basis, retailers saw sales increase 3.4%, the best showing in two-and-a-half years. The Mortgage Bankers Association said its seasonally...
03/15/2010
 Fannie Mae had made a significant change to their policy concerning closing services.  In the past, Fannie chose the Title Company or closing attorney.  That has for now, come to an END. Effective earlier this month Fannie Mae is allowing the buyer to pick their title company.
03/15/2010
By Kathleen M. Howley, Prashant Gopal and John Gittelsohn March 11 (Bloomberg) -- John Hale’s four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a $250,000 home equity line of credit. Rising home ...
03/11/2010
Leanne Jernigan 202/383-1290 ljernigan@realtors.org NAR and DocuSign Unveil Exclusive Realtor® Electronic Signature Edition Washington, March 09, 2010 The National Association of Realtors® announced today the release of the DocuSign REALTOR® Edition, an exclusive online eSignature service designe...
03/11/2010
By Julie Haviv Julie Haviv – Thu Mar 11, 7:20 am ET NEW YORK (Reuters) – U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released ...
03/11/2010
By Alan Rappeport in New York Published: March 11 2010 18:41 | Last updated: March 11 2010 18:41 Americans deleveraged their balance sheets aggressively in 2009, reducing household debt for the first year on record as they coped with the aftermath of the recession, Federal Reserve figures showed...
03/11/2010
March 11 (Bloomberg) -- JPMorgan Chase & Co. and Citigroup Inc. helped cause the collapse of Lehman Brothers Holding Inc. by demanding more collateral and changing guarantee agreements, a bankruptcy examiner said today in a report. “The demands for collateral by Lehman’s lenders had direct impact...
03/11/2010
Rainer
10,689

Angus Beal

Ask me a question
*
*
*
*
Spam prevention