Like you, I am concerned about how future home buyers will be able to affordably finance the largest investment of their lives their new home. I want you to be aware that Congress is beginning to look at possible reforms in housing finance. I am certain you realize whatever changes Congress and the President ultimately… Continue Reading
Monthly Archives: March 2011
American History: A Day Trip
Our day started out in Washington, D.C.. We enjoyed the weather, walking around the mall and visiting the Natural History Museum. We saw the Hope Diamond in it’s new setting. The new setting was selected by the American public through a survey done by Harry Winston and the Smithsonian. We missed the old setting but… Continue Reading
February 2011 Real Estate Market Watch
Want to know how the real estate market is fairing in your area? Check out these short market video updates for local areas to include MD, VA, WV, DC and PA. Real Estate Market in Washington DC – February 2011 Many months of job growth plus increased energy costs may encourage people to buy Pending… Continue Reading
Foreclosed…How Long Do I Have To Wait?
One of the major road blocks to providing financing occurs when the borrower has a previous foreclosure. Foreclosure is a more common occurrence than even two years ago. FORECLOSURES FHA The waiting period after a Foreclosure is generally three years. If the foreclosure was a result of DOCUMENTED extenuating circumstances that are beyond the control… Continue Reading
Not Everyone Loves the New GFE Regulations
A year has gone by since The Department of Housing and Urban Development (HUD) instituted the new Good Faith Estimate form in an effort to make a homebuyers’ journey through the mortgage process a bit easier, but many in the mortgage industry are not happy. The form has gone through many different looks through the… Continue Reading