fha: Desktop Underwriter (DU) is going through another makover tomorrow! - 11/14/13 09:06 AM
Desktop Underwriter (DU) is changing again tomorrow. Fannie Mae’s automated approval process is undergoing another makeover to accommodate the new thinking at Fannie Mae. They are no longer allowing a 3% down payment. The maximum financing with a Fannie Mae loan is 95%. They are retiring interest-only and 40-year amortization terms.
 
While to some borrowers this will be a push to FHA financing that has become more expensive lately it will also push some buyers to the sidelines. Fannie Mae serves a very good purpose in the mortgage lending environment making funds more readily available to interested lenders. This … (1 comments)

fha: Government Shutdown...What hapens to my FHA closing Tuesday? - 09/29/13 06:47 AM
Let’s pretend that it does not matter which side of the isle you are on. This is not left or right, red or blue, democrat or republican. This is our collective government and I keep hearing both sides say this is what the people want. What the people want is for those elected to show up at work and do your job. What the people want is to not be told what they want. Grow up, shut up, and show up at work to do what you were elected to do. Keep the government running!
As my blog is primarily a … (105 comments)

fha: Real Estate Reality...How do all of these reports effect me and you? - 06/28/13 03:58 AM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical advice. … (1 comments)

fha: The Week Ahead...What Pending Home Sales mean to you! - 05/26/13 05:24 AM
Market Focus: The week ahead features consumer confidence  and preliminary data for first-quarter gross domestic product , personal income and spending, along with the final reading on consumer sentiment, and the Chicago Purchasing Managers Index. The past several weeks the news has been giving mixed signals. This weeks big question is was last weeks break in the rally a pause or an indication of things to come.
Monday:
US Holiday (Memorial Day) Closed
Tuesday:
S & P Case-Shiller: The S&P/Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the U.S. … (1 comments)

fha: Real Estate Reality Radio..Featuring 3R's Consulting and the 203K loan - 05/24/13 03:54 AM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining us. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical advice. Please feel free to call … (0 comments)

fha: The Week Ahead...What FHFA house price index means to you! - 05/19/13 06:12 AM
Market Focus: In a light week Housing dominates the week with FHFA House Price Index, Existing Home Sales, and New Home Sales. But the biggest driver should be Ben Bernanke (Fed Chairman) as he testifies to the joint economic committee. Mix in some bond sales announcements and you should have an interesting week before the holiday.
Monday:
Chicago Fed. National Activity Index: The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to better gauge overall economic activity and inflationary pressure. The 85 economic indicators that are included in the CFNAI are drawn from four broad categories of data: … (1 comments)

fha: Real Estate Radio News...Featuring your financial advisor. - 05/15/13 11:37 AM
For 30 minutes every Sunday morning from 5:30 to 6:00 on WPHT 1210 am.  Vince and I look forward to sharing with you some of the issues we see every day.
Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate across the country.  The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area.  Within every marketplace there are obstacles and solutions on the path to tremendous … (1 comments)

fha: The Week Ahead... What the housing index and starts mean to you! - 05/12/13 05:33 AM
 
Market Focus: There are plenty of economic reports on the calendar in the week ahead, including Monday's retail sales, Wednesday's industrial production, key regional Fed surveys Wednesday and Thursday, and Thursday's weekly jobless claims. There are also just a few earnings expected. Everything other than Housing starts appears to be anticipating good results.
Monday:
Retail Sales: Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth. The consensus estimate is for a drop of -.3% less than last month’s … (0 comments)

fha: Real Estate Reality Radio...Featuring 203K Rehabiltation Loans - 05/10/13 03:58 AM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (1 comments)

fha: Tune In To Fridays Show...Settled a 203K loan in 45 days. - 05/08/13 01:51 PM
Fridays’ Real Estate Reality Radio features a hot topic in the Real Estate Community. Download you free app Tune In Radio so you can listen live on your cell phone at WBCB 1490am this Friday at 9:00 am (EST).
More homes than not that are currently on the market need some work. From simple cosmetics to major reconstruction to simply adding solar panels. As a buyer your options are pretty limited. Hence the values of those homes are lower than those that are perfect. Contrary to many in the Real Estate Community the appraisal process for a conventional loan is … (0 comments)

fha: Real Estate Radio News...A Preview to Sundays show about Fannie Mae. - 04/03/13 04:38 PM
For 30 minutes every Sunday morning from 5:30 to 6:00 on WPHT 1210 am.  Vince and I look forward to sharing with you some of the issues we see every day.
Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate values across the country.  The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area.  Within every marketplace there are obstacles and solutions on the path to … (0 comments)

fha: The Week Ahead..What Factory Orders and Employment repots mean to you. - 03/31/13 05:38 AM
Market Focus: This week is mostly manufacturing and employment data. All interesting pieces of the economic puzzle. However if history is our crystal ball for the future be cognoscente of the last three years of spring downturns in the stock market. Each pretty severe and the last one came on the heels of Europe’s crisis. Did I say Europe again? Sorry but looking back sometimes give a pretty clear picture of what’s ahead if we never actually change course.And we never change course we simply complain about the results.
Monday:
Motor Vehicle Sales: Unit sales of domestically produced cars and light … (1 comments)

fha: The Week Ahead...What Case Shiller and Pending home sales mean to you. - 03/24/13 05:21 AM
Market Focus: Prior to trading last week I thought it would be an interesting ride. It was certainly up and down. I must admit Cyprus was a bit of a surprise. This may be a holiday shortened week but we are packed with Fed. Surveys, confidence, sentiment, and more housing (big upbeat sector lately). Keep an eye on the Euro Zone (again).
Monday:
Chicago Fed. National Activity Index: The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to better gauge overall economic activity and inflationary pressure. The 85 economic indicators that are included in the CFNAI are drawn … (1 comments)

fha: Real Estate Reality Radio...Featuring Interior Designer Rafael Novoa - 03/23/13 06:48 AM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

fha: The Week Ahead...What FHFA and Existing Home Sales Mean to you! - 03/17/13 06:23 AM
Market Focus: So last week was a great week for stocks and finished off great for bonds. This week has an interesting mix of manufacturing, real estate and the Fed. Last week finished with sentiment falling. We are two weeks away for the first federal furloughs and 10 days away from the debt limit reaching its maximum. Strap in for another interesting ride.
Monday:
Housing Market Index: The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions. The housing … (0 comments)

fha: The Week Ahead What Inventories and Industrial Production mean to you. - 03/10/13 07:40 AM
Market Focus: Last weeks meteoric rise and a big jobs report was welcome news to stock investors. This week should be a little choppy as the Dow’s new high is cause for many to express concerns of another “bubble”. The consensus estimate is still looking like up up and away. Let’s hope this is not in like a lion and out like a lamb.
Monday:
No Reports
Tuesday:
NFIB Small Business Optimism Index:  The index is a composite of ten seasonally adjusted components based on questions on the following: plans to increase employment, plans to make capital outlays, plans to … (1 comments)

fha: Real Estate Reality Radio...Featuring Higgens and Welch Real Estate - 03/08/13 04:12 AM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

fha: Real Estate Radio News..A preview to Sunday's Show about fixing credit - 03/06/13 04:04 AM
For 30 minutes every Sunday morning from 5:30 to 6:00 on WPHT 1210 am.  Vince and I look forward to sharing with you some of the issues we see every day.
Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate values across the country.  The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area.  Within every marketplace there are obstacles and solutions on the path to … (0 comments)

fha: The Week Ahead..What Beige Book and the Employment Report mean to you. - 03/03/13 05:36 AM
Market Focus: It’s Dejavue all over again. More volatility while we focus on Europe and Washington. The Euro Zone Unemployment rate is on the rise. Washington is no closer to lowering the debt then they were 5 years ago. Lat week had mostly positive reports. This week is a light week in the way of reports but the “big” employment report comes Friday (one week late to some).
Monday:
No Reports
Tuesday:
ISM Non Mfg Report: The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail … (0 comments)

fha: Real Estate Reality Radio.Featuring Universal Credit and Consumer Tips - 03/01/13 04:11 AM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

 

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