Roger's Blog

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Mortgage and Lending - Fairway Independent Mortgage Corporation NMLS #2289 - Individual NMLS #74935
Idaho Mortgages, FHA Mortgages, Idaho Rurual Development Mortgages,Idaho Mortgage News and Current Events

ARCHIVED BLOG POSTS

2008 

Just last week, we had 5 local people who were involved in a mortgage fraud scheme plead guilty to various charges that could get some up to 30 yrs in prison.  All took some sort of plea bargain reduced to a single charge each.  We get to find out next year what kind of time they will get.  The f...
12/09/2008
 It seems the latest hot product is loan modifications.  Many former mortgage companies and others in the business have tried to supplement their falling incomes by getting distressed borrower's to pay them a hefty fee upfront to modify their loan.  I have seen prices form $2500 and up, usual...
12/03/2008
Yes, it is possible to get into a HUD home with only $100.  It has to be a HUD owned home and eligible for the special program.  You can find those homes in your area at HUD.GOV and then search for hud homes in your state.  Here in the Treasure Valley, we have approx. 25 homes listed and most are...
12/01/2008
Since we're coming up on a new year, I thought it might be helpful to publish loan limits again.  The CY2009 basic standard mortgage limits for FHA insured loans are:       One-family   Two-family   Three-family   Four-family     FHA Forward   $271,050.00   $347,000.00   $419,425.00   $521,25...
12/01/2008
Rainer
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Roger Howell

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