August 27th, 2008 by http://fhaappraiserbatonrouge.info
http://batonrougefhaappraisers.com/ - The Most Comprehensive Baton Rouge FHA Loans Guide
I ran across this article and thought it would be helpful for my Baton Rouge audience! Enjoy, Bill!
Here is another guest post by Raoul Badde. Raoul Badde is an Ambassador to CAMB and has worked in all aspects of mortgage lending for over 8 years. He currently works [...]
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August 26th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - New FHA Policy To Reduce Number of Foreclosures
Source: FHA Mortgage Guide
Posted: 26 Aug 2008 05:24 AM CDT
The FHA has restructured its loan modification policies to assure that foreclosure fees and attorney charges can be financed.
This may seem like a fairly-obscure action and one of little consequence, but it’s a good example of how [...]
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August 26th, 2008 by http://fhaappraiserbatonrouge.info
The Center for American Progress argues that it’s the 1930s again, at least in terms of real estate.
The statement below makes you wonder: Wasn’t the FHA mortgage program supposed to mitigate the foreclosure mess — not end it, not help everyone, but just make it a little less awful?
That’s what the FHA did during the 1930s when the program was first established. But that was also a time when government didn’t worry about a “moral hazard” or philosophical purity, it worried instead about re-starting the economy after the Hoover years.
Standard & Poor’s Ratings said yesterday that banks “perhaps are just halfway through the credit downturn.” Really? Perhaps?
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August 20th, 2008 by http://fhaappraiserbatonrouge.info
The Mortgage Bankers Association [1] reports that of the “mortgage applications accepted during the month of July 2008, 29.1 percent were for government-insured loans (consisting of mostly FHA loans) compared to 8.4 percent in July 2007.”
Given the demise of the subprime and Alt-A loan markets, and given the general decline in loan applications and originations during the past year, the FHA program remains the one viable mortgage option for borrowers with less than prime credit.
Application activity, according to the [2] most-recent MBA figures, declined 36.9 percent compared with the same week one year earlier.
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August 20th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - FHA Home Loan Basics Video For 2008 - Helpful Video Explanation
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August 16th, 2008 by http://fhaappraiserbatonrouge.info
Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value of the property provide adequate loan security. When rehabilitation is involved, this means that a lender typically requires the improvements to be finished before a long-term mortgage is made. In the current market many of the numerous foreclosures sit on the market in disrepair due to vandals, theft and neglect. To lenders of traditional loans those properties are considered poor collateral that they’d prefer not to lend on. However, for FHA 203K loans the loan is based on after repair value and includes an escrow account to complete the repairs needed to bring the house to a condition that lenders prefer. That means that the current condition of the property is not as important as the condition of the property once the renovation is complete. This provides an outlet to purchase dilapidated properties, many of which have spent extended periods on the market due to the lack of availability to traditional financing, and solves the problem that most lenders face when dealing with property in disrepair. What this means to the home buyer is generally a significant discount to “as-is” value and, quite often, a fantastic deal on a house.
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August 15th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraisersbatonrouge.com/ - FHA has helped 300,000 families find relief with government-backed mortgages
U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that 300,000 families have refinanced their mortgages with HUD’s affordable mortgage insurance program. Since September 2007, FHASecure - the Federal Housing Administration (FHA) refinancing product - has provided struggling families with expanded access [...]
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August 15th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - Baton Rouge, Denham Springs FHA Loan Requirements
FHA loan requirements have been relaxed as part of the Federal government’s Housing and Economic Recovery Act, 2008. The purpose of the act is to provide some relief for home owners affected by the housing finance crisis, and to help stabilise the property market overall.
FHA Loan Requirements [...]
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August 15th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - Find FHA Appraisers East Baton Rouge, West Baton Rouge, Ascension, Livingston
Accurate Valuations Home Appraisal Group (AVG) Serves The Greater Baton Rouge Metroplex With Boundaries North by Zachary, South by Sorrento, West by Port Allen and East by Livingston.
Contact Information:
Accurate Valuations Home Appraisal Group
P.O. Box 40515, Baton Rouge, LA 70835
Baton Rouge Office: 225.293.1500
Toll Free: [...]
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August 12th, 2008 by http://fhaappraiserbatonrouge.info
http://batonrougefhaappraisers.com/ - Baton Rouge’s FHA Secure Program
FHA Secure Program
This FHA Secure Loan Program will benefit those homeowners for whom the refinancing of payments is a major headache. This is done through FHA insured mortgages.
This program was laid down by the President Bush himself. As already mentioned, this program helps the homeowners to avoid the foreclosure of [...]
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