Tony 's Blog

      With temperatures warming and summer just around the corner, many people are getting the itch to buy or build a vacation home. Prices on these second homes are down dramatically - about 23 percent lower on average than they were in 2007, according to a report from the National Association o...

How to protect your e-mail address book ... "All things are difficult before they are easy." -- Thomas Fuller, physicianBeing a computer repairman like myself, I saw this a few years back and I thought I'd share it with you.                                                        I have a computer...

This will be a tip you will use all summer: How to Determine the doneness of a steak By Adam Pash, Copy this whole post to another site Slurp cancel select site advertising consumerist deadspin defamer fleshbot gay fleshbot gawker gizmodo idolator io9 jalopnik jezebel kotaku lifehacker valleywag ...

In October the FTC issued this statement while in the process of closing 33 "credit repair" companies across the nation:   'Companies that promise they are able to scrub your credit reports of accurate, negative information for a fee are lying - plain and simple,'        The FTC also offered the ...

Some lenders out there might be forgetting these two important HUD Guidelines.... The compensation paid to all employees of the FHA approved mortgagee or loan correspondent must be reported on W-2 forms. Independent contractors are not acceptable originators of FHA insured mortgages. Although HU...

I encourage you all to take a look and see what HUD is seeing....there are some great stats contained in the presentation please take a look......   I got on the call late but several highlights I heard were as follows: Hope For Homeowners has a total of 390 applications to date and only 14 loans...

Just a reminder: for the year 2009, FHA down payment has increased from 3% to 3.5%. There is still a 6% seller concession allowed, but the minimum buyer investment has increased. Things that havent changed; 100% of the down payment may be in the form of gift funds. Also, non-occupant co-borrowers...

News on FHA high loan amounts  Your regular FHA loans now go to $417,000.00, and there has been no change in those guidelines other than the fact that you now have a higher loan limit.       Loan amounts above $417,000 fall into the FHA High Balance program. Separate guidelines apply and they are...

ALERT! Some licensees have received correspondence from Keynote Mortgage and Loans entitled "Let's work together and earn extra income".   They state if you recommend their name to your clients and they decide to get a mortgage from them you would get paid a compensation (a percentage of the loan...

  Private mortgage insurance (PMI) is a type of insurance that helps protect mortgage companies against losses due to foreclosure. This protection is provided by private mortgage insurance companies and allows mortgage companies to accept lower down payments than would normally be allowed. PMI al...