Kevin Hawkins's (kevinhawkins) Blog

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Services for Real Estate Pros

ARCHIVED BLOG POSTS

2010 

Associated Press is reporting that the U.S. Senate is including its version of the Home Buyer Tax Credit closing deadline extension in another Unemployment Benefits bill that won't be voted on until tomorrow (Thursday, July 1, 2010). This is what the Senate did before and the extension died along...
06/30/2010
Bainbridge Island single-family detached home sales continue to rebound from the dredges of 2008 and 2009 and are up a whopping 50 percent so far in 2010 when looking at year-to-date comparisons. With 102 sales recorded through the end of May 2010, home sales January through May 2009 totaled 68. ...
06/16/2010
FHA, which recently raised its upfront costs, is proposing a change that has been approved by the House, but still needs to work its way through the Senate. It would lower the initial up front fee FHA charges for mortgage insurance, but increase the monthly cost to the borrower.   That could be g...
06/16/2010
This is GREAT news for first-time buyers on Bainbridge as a condo purchase most often requires at least 10 percent down payment.  But now that Harbor Square is FHA approved, the minimum down payment is 3.5% for a complex that has 180 units. That's huge news. FHA is a loan that a few years ago was...
06/16/2010
Condominium lending is getting tougher, not because of a new guideline from Fannie Mae, but because each lender may impose its own more restrictive rules that are a layer on top of the Fannie Mae condo rules. For example, last week I spoke with a loan officer at a mega-bank turned who had to turn...
06/16/2010
Here some clarity on the new Fannie Mae Loan Quality Initiative (LQI) requirements that went into effect at the beginning of June. Fannie's LQI is requiring lenders to pull a credit report just before closing in an attempt to identify any new credit or debt the customer has taken on since they ap...
06/16/2010
Reverse mortgages historically have been the "loan of last resort" for Seniors, used to allow folks to stay in their home for the rest of their lives without ever making another mortgage payment and in many cases, providing income or a lump sum to live on. But did you know that a Reverse Mortgage...
06/16/2010
This website shows the US Debt Clock and is really worth taking a look at. It literally took my breath away. I have been in Time Square and seen the Debt Clock there, but the Internet makes the case so much better if you just check out this web page.  It is not just a single clock, but an entire ...
06/16/2010
Rural Development ran out of funding in May. That's the bad news. The good news is that the House has signed the Bill appropriating additional funding, and the Senate is currently reviewing it: http://www.opencongress.org/bill/111-h5017/show. It also appears the Guaranty Fee for USDA will increas...
06/16/2010
By Kevin Hawkins (c) 2010 Social media - Facebook, Twitter, LinkedIn - is fast becoming not only a potent way to stay in touch with friends and family, but a powerful way to market your business and services.   The challenge is making sure that your attempts to "connect" to your customers and pot...
06/16/2010
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