This just in... FHA Mortgage Insurance Premiums are going to CHANGE effective July 14, 2008. The change is designed to shift the burden of the FHA Mortgage Insurance costs to the higher risk borrowers. Basically, borrower characteristics showing the highest instance of default will pay higher p
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07/10/2008
The first thing I did this morning was read FoxNews and ran across this article that stated US Home Foreclosures Jump 53% In June. Being an FHA Mortgage Loan Originator in Tucson Arizona I was curious what the numbers looked like for Arizona. The reason I am writing this post is to show you the
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07/10/2008
Yes it is true, it's an FHA World and a combination of FHA Mortgage Loans and the USDA Rural Home Loan will be the staple for some time. USDA Rural is actually up 475% in Arizona over this time last year! Businessweek states that a new accounting rule may require Freddie Mac and Fannie Mae to in
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07/08/2008
I just wanted to share my most recent success in providing a short refinance. About two months ago I received a call from a gentleman who was upside down on his home that he had owned for the last 5 years. He owed $468,000 with an adjustable rate mortgage for a first and a HELOC with a 14.5% r
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07/07/2008
