Articles
FHA Math: 5% = Disaster
FHA Chief David Stevens didn’t exactly inspire confidence last week when he rebuffed repeated calls to boost the housing program’s minimum down payment.
In fact, he might have injected a new degree of concern into the already murky debate over how to reform the increasingly crucial home lending program.
As has been covered extensively here at BiggerPockets [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
FHA Math: 5% = Disaster
FHA 90 Day Flip Rule: Flip Flop
The FHA 90 day flip rule is confusing. Be sure to ask multiple lenders about their 90 day flip rule policy rather than just listen to what one lender is doing.
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
FHA 90 Day Flip Rule: Flip Flop
Read Article ›Option Arms – the Big Bang That Didn’t Come (Yet)
Josh Dorkin and I have both previously blogged about the looming threat posed by “option arm” loans, sometimes cutely called “pick-a-pay” loans. These are loans in which borrowers can decide how much to pay each month, with many predictably going for the minimum payment option.
The Downside Possibilities
What many borrowers may not [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
Option Arms – the Big Bang That Didn’t Come (Yet)
Read Article ›The Ten Best in RE.net This Week: March 28, 2010 Edition
1 ) Video Is The Future – A longer video that Jim the Realtor does walking through houses, but fast forward to about 3:45 and he starts talking about how we can use video in the future to view houses.
2 ) Discussions about Brokerages wer the talk of the RE.net world this week [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
The Ten Best in RE.net This Week: March 28, 2010 Edition
Read Article ›HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?
The HEFI program is a newly launched program that is designed to solve the negative equity problem as well as act as a replacement for HELOC or 2nd mortgages.
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?
Read Article ›Mortgage After Foreclosure: Fannie Mae Changes Make It Easier
I suspected that this was coming… and I also suspect that we haven’t seen the last of these kinds of changes yet.
Fannie Mae has announced that they will now lend you money for a mortgage in as little as two years after you have had a foreclosure.
With the record numbers of foreclosures happening, I had [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
Mortgage After Foreclosure: Fannie Mae Changes Make It Easier
Read Article ›Some Light in the USDA Tunnel?
With its funding all but dried up, the USDA’s increasingly popular Rural Development loan program may be on the brink of resuscitation.
Two House members recently introduced bills that would make the program self-funding. One of the proposed measures, from Pennsylvania Democrat Paul Kanjorski, would require lenders to pay an origination fee of up to 3.5 [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
Some Light in the USDA Tunnel?
Read Article ›Mortgage Industry Reform: Cure Worse Than Disease
When it comes to potential new legislation governing the mortgage industry, the cure may prove worse than the disease.
The Senate is preparing to consider the “Restoring American Financial Stability Act,” a wide-ranging bill that aims to resolve lingering problems involving “too big to fail” outfits and institutional risk. But, at least as currently written, the [...]
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Mortgage Industry Reform: Cure Worse Than Disease
Read Article ›USDA Loans: More Funding On The Way?
Last week, the House Financial Services Committee voted unanimously to approve HR 5017 – the Rural Housing Preservation and Stabilization Act of 2010 which means that the next step is to get the full US House of Representatives to vote on it and insiders say that there is a strong likelihood of it passing there.
The [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
USDA Loans: More Funding On The Way?
Read Article ›Proceed with Caution, but Proceed
I wanted to verbalize my thoughts on the market and why I believe people looking to invest in real estate should do so but proceed with caution.
Last week I wrote an article about why I believe investors should use a blue-chip real estate strategy when investing in today’s market. The focus was on identifying opportunities [...]
This Article is Copyright © 2004-2010 BiggerPockets, Inc. All Rights Reserved.
Proceed with Caution, but Proceed
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