Sure, short sales have come to a relative crawl after carving out a decent slice of the real estate market over the past couple years,… Read More »The Nation’s Most Expensive Short Sale Finally Sold This Week

Earlier this week, the National Association of Realtors sent a letter to FHA Commissioner Carol Galante urging her to rethink the agency’s new mortgage insurance… Read More »Higher FHA Premiums May Have Priced Out 375,000 Potential Home Buyers

Update: Carrington Mortgage Services now allows FICO scores as low as 500 for both FHA loans and VA loans, which is the minimum credit score… Read More »Wholesale Mortgage Lender Drops Minimum FICO Score for FHA and VA Loans to 550

What a difference a city makes…in the uber-hot Bay Area, a staggering 43.5% of homes for sale are priced at $1 million bucks or above,… Read More »Forget Location, Location, Location, It’s Water, Water, Water!

Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) said they reached an agreement on housing finance reform. The pair… Read More »The Wind Down of Fannie Mae and Freddie Mac Gets Real

It wasn’t long ago that real estate was deemed toxic, untouchable, whatever bad thing you want to call it. But times have changed, thanks to… Read More »Thank You Millennials for Your Faith in Real Estate

Many people will look back at 2013 with regret, perhaps realizing that there was a golden opportunity to purchase a home at a major discount.… Read More »It Looks Like the Seller’s Market Is Coming to an End

Back in 2009, the government launched the Home Affordable Modification Program (HAMP) to help struggling homeowners keep up with their out-of-control mortgage payments. The program… Read More »Did You Receive a HAMP Modification? If So, Your Mortgage Payments May Increase This Year