November 1st, 2008 by http://fhaappraiserbatonrouge.info
“Louisiana is one of only six states faring the best during the current economic crisis, reports Moody’s Investor Services, a provider of independent credit ratings, research and financial information to the capital markets. States with abundant natural resources, that aren’t dependent on the financial services industry and didn’t have home prices escalate wildly are expected to hold up the best. Also in the same category are Alaska, Colorado, New Mexico, Texas and Wyoming. Moody’s gave negative credit outlooks to six states: Florida, Kentucky, Nevada, Ohio, Rhode Island and Wisconsin.”
Read the rest »
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 [...]
Read the rest »
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 [...]
Read the rest »
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?
Read the rest »
July 17th, 2008 by http://fhaappraiserbatonrouge.info
The latest figures from HUD show that despite big claims for the period from June 16 through June 30 the FHA refinanced just 198 delinquent conventional mortgages. This is down 22 percent from the first 15 days of the month when 254 delinquent conventional borrowers were helped.
Given the incredible need for assistance by those hoping to avoid foreclosure, and given the fancy news releases and conference calls, it seems remarkable that HUD continues to have so little impact where it is most needed.
Here’s what HUD also says:
Due to the spectacular rise in activity, especially since March, it is necessary to re-estimate business activity for fiscal year 2008. It is now projected that there will be at about two million single family applications and roughly one million insurance endorsements — substantially higher than the estimates made last September.
Read the rest »
June 23rd, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - Carl Pruitt - FHA Sends Letters Direct To Homeowners
Source: Expert FHA Loans Consultant, Carl Pruitt
On Thursday June 19, 2008 HUD issued a press release indicating that they were sending out letters to 675,000 “at risk” homeowners. As has been the case with most of HUD’s efforts for troubled borrowers, the gist [...]
Read the rest »
June 21st, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - FHA Guidelines - Fees To Non-FHA Approved Mortgage Brokers
Source: Carl Pruitt
On Oct. 30, 2007, I published a post entitled “FHA Mortgage Co-brokering: Watch Out!” in which I warned of potential violations of FHA’s policy regarding payments to non-approved mortgage brokers. HUD made an announcement that day outlining their policy, but it [...]
Read the rest »
June 17th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - Guidelines FHA: FHA Waives Anti-Flipping Rule
Source: FHA Loans Expert, Carl Pruitt
In response to my post “Warning: Why HUD May Stop Your Loan From Closing“, HUD has now waived their anti-flipping rule in certain circumstances. (Just kidding about them responding to my post, but they have taken action.)
You can find all the [...]
Read the rest »
June 13th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - Guidelines FHA: FHA Guidelines On Bankruptcy Rules
Source: FHA Loans Expert, Carl Pruitt
One of the most touching experiences loan officers go through when we conduct marketing campaigns seeking FHA mortgage prospects are the borrowers who call us wanting to buy a home for their family but they just have too much bad [...]
Read the rest »
June 11th, 2008 by http://fhaappraiserbatonrouge.info
http://fhaappraiserbatonrouge.info/ - FHA Guidelines: FHA Down Payment Assistance On The Chopping Block?
Source: FHA Loans Expert, Carl Pruitt
HUD is once again about to propose the rule banning down payment assistance programs and open it up for a 60 day comment period. You can find more about that at the link above.
HUD continues to use [...]
Read the rest »
Tags: Appraisers In Baton Rouge, Baton Rouge, Baton Rouge FHA Appraisers, Baton Rouge FHA Home Appraisers, Baton Rouge FHA Real Estate Appraisers, Baton Rouge Home Appraisals, Baton Rouge Homes For Sale, Baton Rouge Homes Realtor, Baton Rouge Real Estate, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate News, Baton Rouge Realtor Homes, Baton Rouge Realtors, Denham Springs FHA Appraisers, FHA Appraisers Ascension Parish, FHA Appraisers Denham Springs, FHA Appraisers Livingston Parish, FHA Baton Rouge Appraisers, FHA Baton Rouge Home Appraisers, FHA Baton Rouge Real Estate Appraisers, Zachary Louisiana FHA Appraisers
Loading ...