Fannie Mae announced changes to its Selling Guide as part of its Loan Quality Initiative earlier this year. This update requires lenders to determine that all the homebuyer’s debts are disclosed on the final loan application.
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Fannie Mae announced changes to its Selling Guide as part of its Loan Quality Initiative earlier this year. This update requires lenders to determine that all the homebuyer’s debts are disclosed on the final loan application.
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Thinking about cutting corners to get your client "under contract" before April 30? Don't do it.
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Option ARMs were used from 2004 until 2007 with five-year resets (or less) to higher interest rates with standard amortization schedules. Thus, many have come into play during 2009 and we will see many more in the months ahead.
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In the last quarter, sales in Pennsylvania rose 11.8 percent but the median home sale price is still declining.
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The law extends the present $8,000 tax credit for first-time home buyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as the principal residence for five consecutive years during the past eight years.
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With only a few weeks left until the first-time homebuyer tax credit expires, the Senate voted yesterday to extend and expand it through April 2010. On Thursday, the House voted 403-12 in favor of the bill. It could go to President Obama's desk for his signature as early as Friday.
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The tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes, according to a summary of the legislation being circulated among lawmakers.
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The Pennsylvania Housing Finance Agency’s popular Tax Credit Advance Loan Program has run out of money.
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The first-time homebuyer tax credit is having a positive impact on the real estate market recovery. As the expiration date for this successful program looms, Congress needs to hear about the positive impact this program has had and ask them to extend it, and expand it, so that REALTORS® can continue to see the...
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Wednesday, Feb. 8, 2012
