ARCHIVED BLOG POSTS
2012
A bill to repeal Home Affordable Modification Program (HAMP) funds appropriated under he Dodd-Frank Act passed the House Financial Services Committee on Wednesday. When HAMP was created back in 2009, the present administration estimated that HAMP would assist 3-4 million homeowners. But accordin...
04/20/2012
14
Comments
During week of April 23rd Fannie Mae will be making an update to Desktop Underwriter (DU). The update is to implement a new feature meant to address property values for refinance loans. Fannie Mae feels that the new changes will create more transparency to the way that Fannie Mae's Desktop U...
04/19/2012
37
Comments
HUD recently took steps to against three Loan Originators that were caught cheating elderly borrowers, by what they referred to as a "debarment". These three Loan Originators were caught pressuring elderly homeowners into doing Reverse Mortgages, and cheating them out of the proceeds. We have "F...
04/18/2012
10
Comments
Last night we had our Third Connecticut ActiveRain Get Together at the home of the Queen of ActiveRain Get Together's, Dagny Eason. If you have never met Dagny, then you are missing out on a special experience, in fact getting to spend time with all those that attend the Get Together at Dagny's ...
04/17/2012
This is an event that the whole family can be involved in, and that is not something that you can say about many events these days. The Sunshine Kids Foundation provides group activities for kids with cancer, and try's to make kids with this horrible diseses feel like other kids. Their object...
04/16/2012
5
Comments
So what do I mean by the title of this blog "One Persons Bad News Is Anther's Good News" it is simply this. While American unemployed workers are desperately trying to find jobs, and having a hard time doing so, American home buyers are experiencing the best of times. Lower than expect employmen...
04/15/2012
6
Comments
There are many first signs of Spring. For me it is the piece of equipment in the picture, my old faithful lawnmower. When it comes out, then Spring is officially here. That happened today, the grass got cut for the first time this year. Cutting the grass is not one of my favorite things, bu...
04/14/2012
24
Comments
New Rules Being Proposed For Mortgage Servicers by the The Consumer Financial Protection Bureau (CFPB), personally I see this as just more red tape. I am all for meaningful changes, but I fail to see the need for this in today's market. Maybe I am missing something, but I can't remember the last...
04/13/2012
There is only a few days left to register for the Middlesex Chamber of Commerce Business After Work at Billy Tee's in Cormwell, CT. As you can see from the flyer above, this is a free event, so you can't beat the price. If you have never been to Billy Tee's then you are in for a special treat...
04/12/2012
This is the third blog in my series Rent Or Lease With Option To Purchase. The first blog in this series was a brief introduction. In the second blog I explained the Fannie Mae Guidelines on Rent Or Lease With Option To Purchase. Today I will provide the FHA Guidelines on the allowable amount a...
04/11/2012
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George Souto
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