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2010
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While it shouldn't come as a huge surprise, on Friday, Freddie Mac has announced that they will no longer purchase and securitize iinterest only mortgages. This policy takes effect on September 1, 2010 and impacts both fixed and adjustable rate mortgages. So far, Fannie Mae has not announced sim...
02/28/2010
Some great comments on how sellers view their home's value. Do you feel that pricing a home is a little like throwing darts these days? Sometimes you hit, most times you miss? At the end of the day Realtors have a next to impossible job trying to help clients price their home. I don't think I ...
02/27/2010
HUD has announced that the upfront mortgage insurance premium will increase. Effective with case number assignments on or after April 5, 2010, the upfront mortgage insurance premium will increase to 2.25%. This is an increase of .50% from the current premium. This policy change will increase p...
02/19/2010
ACT NOW before funds run out!!!!! Beginning, February, 12, 2010, Georgia residents can earn rebates ranging from $25 to $199 for a qualified purchases in the State Energy Efficient Appliance Program. Nationally, this program has made available $300 million from the American Recovery and Reinvest...
02/15/2010
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On February 11, 2010, The Department of Community Affairs announced several changes to some Georgia Dream programs. Georgia Dream Rewards (Name changed from Georgia Dream Plus) Increased income limitations: Atlanta MSA1 or 2 persons $71,0003 or more persons $82,000 Purchase price up to $250,000 ...
02/13/2010
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Rodney Mason, VP of Mtg Lending
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