Minnesota Mortgage Blog - Mortgage and Real Estate News You Can Use

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Mortgage and Lending - Mortgages Unlimited, Inc - NMLS 274132
Mortgage industry news and insights from a 15+ year industry expert. Mortgage and Real Estate News You Can Use
Fannie Mae announced a new HomePath Ready Buyer program.For qualifying first-time homebuyers to receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property upon completion of an online homebuyer education course.Fannie Mae HomePath homes...
The Consumer Financial Protection Bureau (CFPB), in another of their seems to make sense to a bunch of bureaucrats, but doesn't make real life sense on the streets move, are about to cause more pain and headache to the real estate industry. Watch this video for all the stupid details.   New rules...
Why your credit score is not your credit score?? Minneapolis, MN:  Everyday talking to clients, they tell me they know what their credit score is. Everyday I tell them they are correct, but yet they are wrong for my new mortgage loan purposes. When you get a consumer obtained credit report from o...
The Federal Housing Administration (FHA Loans) saw its share of the mortgage insurance market soar to 72 percent of all insured mortgages issued in 2008, and to just 25% of the total origination market in 2009 as other lenders pulled back and FHA moved into one of the two roles it was designed to...
Generally speaking, the old advice hold true to this day...  If it sounds to good to be true.... I've seen this company advertise very heavily for VA loans on TV...  Great sounding pitch. They even use retired Military General's as pitchment...  Really helped make them seem like a company to do b...
Bought a house and want to flip it? The temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition expired on December 31, 2014. What this means is that NO FHA lender can accept...
If you are a new homeowner, condominium owner, or townhome owner, you’ve made a sizable investment in that dwelling and/or the personal property in it. But, unfortunately, in making that investment, you have exposed yourself to risk of financial loss from unpredictable events that you didn't have...
Minneapolis, MN:  Mortgage interest rates are great, and a lot of people are again running back to their lender to take advantage of these near historic interest rates. Shopping for a home loan is confusing. Rates, closing costs, no cost loans, and more...  But the less we know, the more we can e...
So you want to buy a home, and have student loan debt?  A frequent news item is the level of student loan debt outstanding, and the press claiming that student loan debt is preventing young adults from purchasing homes. Clearly debt can be a hinderance to many things, including buying a home.  Ye...
FHA will cut its mortgage insurance premiums to 0.85 percent, a 0.5 percentage point reduction (down from 1.35%)   President Obama was expected to make the announcement on Thursday in a scheduled speech on the housing market, but the White House made it official following initial media reports.  ...

Joseph Metzler

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