fha changes coming oct 4th for 30yr and 15yr loans with different down payments: FHA changes coming Oct 4th for 30yr and 15yr loans with different down payments - 09/02/10 05:13 PM
FHA changes coming Oct 4th for 30yr and 15yr loans with different down payments FHA released a mortgagee letter today (mortgagee letter 2010-28) with details regarding changes to mortgage insurance. DO NOT miss the last video……………buying or selling a home in today’s market with strategy! Highlights: • Effective with case numbers assigned on or after October 4, 2010 • Upfront mortgage Insurance will change to 100 bps • Annual mortgage insurance with Loan Terms > 15 Years: o <= 95% LTV = 85 bps o >95% LTV = 90 bps • Annual mortgage insurance with Loan Terms <= 15 Years: o … (0 comments)

 
Paul Walton, CMPS (Cherry Creek Mortgage Co)

Paul Walton

CMPS

Benicia, CA

More about me…

Cherry Creek Mortgage Co

Address: 4301 Hacienda Dr Ste 120, Pleasanton, Ca, 94510

Fax: (888) 838-1959

Office: (707) 745-1595

Email Me

My blog has daily updates with MBS (Mortgage Backed Securities) as this combined with current economic news is what drives interest rates. Good economic news usually is bad for bonds = higher interest rates Bad economic news is normally good for bonds= lower interest rates The bond market and stock market are both active while the markets are open. Investors are either investing in Wall St or running to the safety of bonds depending on market emotion, and current economic news. Economic news that affects both Wall St and MBS (bonds) are jobs reports, manufacturing data, GDP (Gross Domestic Product), housing starts, corporate earnings/ outlook, and inflation to name a few. The higher bonds are = the lower interest rates are. Interest Rates are not included in morning updates due to the factors that affect interest rates, credit scores, location, type of property, loan to value, loan amount, ect. My blog also features changes coming to the Real Estate Market, lending guideline changes, and tips to help address current Real Estate issues. Videos are either hosted via You Tube or at Mortgage Coach’s Utipu account. Let’s make a difference in our world! I hope you enjoy!


Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Benicia real estate on ActiveRain.