ARCHIVED BLOG POSTS
2011
2
Comments
The House Financial Services Committee is proposing an increase in FHA down payments. The current down payment for an FHA mortgage is 3.5% and they want to increase this to 5%. The FHA Rural Regulatory Improvement Act of 2011 would also prevent borrowers from rolling the closing costs into the lo...
06/13/2011
0
Comments
Senators fight to restore the $88 million in funding for the housing counseling programs that were cut from the budget. This cut also includes $9 million just for reverse mortgage funding.Counseling agencies may have to increase the cost for counseling servicies and limit the number of counselors...
06/04/2011
Rainmaker
17,041
17,041
Lisa Scanlon
Certified Signing Agent