JB Group Weekly Tweet Recap for 2011-03-06

Author: jberman

Posted on in General

JB Group Weekly Tweet Recap for 2011-03-06

Pending Home Sales Basically Flat in January. Rent or Own? – The National Association of Realtors today released the… http://ow.ly/1byhz5 # Geithner Sets Two-Year Target on Housing Finance Reform – Treasury Secretary Timothy F. Geithner told the House Comm… http://ow.ly/1bznlm # $50 Million in Affordable Housing and Community Development Grants Awarded http://ow.ly/1bArbD # Housing Scorecard: Delinquencies Down. Foreclosures Delayed http://ow.ly/1bBuES # STAR Scorecard: Loan Servicer Performance Metrics Explained – Last week Fannie Mae announced the Servicer Total Achi… http://ow.ly/1bCwGd #

by jberman
Posted on in General

JB Group Weekly Tweet Recap for 2011-02-27

Goofy. One of my 2nd mortgage lenders uses the term "Shock Payment" in their underwriting guidelines. Fire that wordsmith. # FHA Commissioner Explains Logic Behind Insurance Premium Hike http://ow.ly/1bskyW # Cash Buyers and Qualified Investors Prop Home Sales – The uptrend in existing-home sales continues, with January sal… http://ow.ly/1btqgO # Fannie Mae Rolls Out Servicer Evaluation Program – Fannie Mae has announced a new program to measure and evaluate th… http://ow.ly/1buxo1 # Unrest in the Middle East might create a buying opportunity at home. – http://ow.ly/435gE # Fence-Sitting Homebuyers Face FHA Fee Hike Deadline – Both applications for FHA-guaranteed mortgages and FHA endorse… http://ow.ly/1bvDXJ #

by jberman
Posted on in Mortgage Rates

Unrest in the Middle East might create a buying opportunity at home.

It’s February 24th and the J. Berman Group is gearing up for a busier than usual March. Two factors will likely push consumers to make some decisions on home financing sooner rather than later. The first factor is the dramatic change in compensation for mortgage originators effective April 1st, 2011. This regulation will undoubtedly raise costs on home buyers and will result in higher interest rates being charged by all originators upon consumers. The federal government has effectively eliminated much of the benefit of shopping for a mortgage. The second factor is the current unrest in the Middle East. A shift to safety by investors that have been riding the stock market is likely as folks are getting nervous about global events. Certainly Libya is a concern but Bahrain looms much larger as a potential powder keg for widespread chaos. These two events should create a short-term refinancing and purchase opportunity for US homeowners. I wouldn’t be shocked to see […]

by jberman
Posted on in General

JB Group Weekly Tweet Recap for 2011-02-20

FHA Announces Fee Hike. Targeted Relaxation of Regs Ahead? –  WASHINGTON – As part of ongoing efforts to … http://ow.ly/1bkSPw # Homebuilders Still Hampered by Appraisal Inaccuracies and Lack of Financing Options http://ow.ly/1blUtY # **Purchasing or refinancing a home & interested in using FHA financing?** Make sure your Mortgage Loan Officer… http://fb.me/vKahRsM0 # FHA Rule Change: Effective with case numbers pulled on or after April 18, 2011, the Annual MIP factors are going… http://fb.me/zRYfJglT # Home Loan Demand Declines as Rising Rates Reduce Affordability http://ow.ly/1bmWOp # MBA: Delinquency Rates Down, Some to Pre-Recession Levels – There was a lot of good news in the Fourth Quarter Nati… http://ow.ly/1bnYpp # Refinancing Borrowers Shun ARMs in Q4. Opt for Shorter Loan Terms http://ow.ly/1boYy0 #

by jberman
Posted on in General

The FNMA HomePath Loan

Hey Colorado Real Estate Agents – It’s a purchase market now. Time to put programs like the FNMA HomePath loan to work for you and your buyers. Have you heard about the FNMA HomePath Loan? Here are the highlights: No Appraisal No Mortgage Insurance No Condo Questionnaire (As long as the condo is in the Condo Project Manager) 97% Loan to Value with Fico’s with 660 Fico’s (1 unit, Owner Occupied only) Available for all property types. Owner Occupied, 2nd Homes, Non-Owner Occupied Give us a call if you think this program might help some of your homebuyers this Spring. 970.455.413. Have a great weekend!

by jberman
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