Beginning with applications dated June 1st, Fannie Mae is implementing the “Loan Quality Initiative” (LQI) guidelines. All Fannie Mae lenders must adhere to these guidelines. In a nutshell, the LQI guideline changes are: Credit re-verification the day of funding: Fannie Mae will require the bo
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05/30/2010
How many times have you walked into a new home with a buyer and there is a very small or no dining room? Numerous homes being built today are forgoing the formal dining room and making that room a den. Is it a wise decision? This can mean disaster for all invested if the designer or builder is wr
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05/30/2010
Happy Memorial Day! As the sun shines in Southern Maryland! Memorial Day weekend starts tomorrow! The local weather forcast for Lusby Md for the next 4 days looks very promising! The boats will be in full sail, the smell of coppertone, fresh cut grass & friends and family's gather! Just take
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05/27/2010
Buying Again After a Short Sale If your payments have never fallen behind 30 days late and the lender does not require that you pay back the loan, Fannie Mae guidelines may allow you to buy another home immediately. The wait for an FHA loan is 3 years. If your payments are in arrears yet a short
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05/25/2010
Leonardtown Wharf Public Park The old Leonardtown is so charming! If you are new to the area and enjoying water, I'd like to suggest you a visit at Leonardtown Wharf Public Park. The view is gorgeous! Nice place for a short walk with your dog. If you don't have a dog, like me, just borrow one :)
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05/23/2010
Spectacular waterfront home in Lusby MD 20657. So many upgrades including Birch hardwood floors (wide plank), wood burning fireplave,Sun room (waterside), screened porch - pefect for enjoying crab feasts! Gourmet kitchen:custom cabinets, granite counters, Master Suite: waterside & leads to deck
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05/23/2010
Lusby Md 20657- Lusby Real Estate Waterfront Home for Sale! $530,500 Highly desirable location! Spectacular waterfront home with many upgrades:Burch hardwood floors (wide plank), wood burning fireplace,Sun room - waterside, screened porch, Gourmet kitchen:custom cabinets, granite counters, M Su
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05/23/2010
This is some great info that you can share with your clients, expecially those who have experienced short sales and foreclosures: Short Sale/Foreclosure Tax Tips If your mortgage debt is partially or entirely forgiven during tax years 2007 through 2012 due to short sale or foreclosure, you may be
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05/23/2010
A very timely article I wanted to share with my colleagues.Green building and remodeling broke into mainstream culture in the past decade, leading to a changing home landscape across the nation. As this landscape changes, trends are changing as well. So, just what are the trends to be on the look
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05/23/2010
Mortgage Rate Forecast for May 21, 2010 Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.38 this morning - the same as yesterday's close. At 9:30 AM, the 4.5% MBS coupon was tra
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05/23/2010
