Christian's Blog

President Obama announced today that FHA will lower its upfront and annual mortgage insurance premiums for it's streamline refinance program. This is big news for homeowners who currently have an FHA loan and have been shut out of the refinance market and historically low interest rates. FHA incr...

The following information was compiled and copied from the the Office of the Comptroller of the Currency (OCC) website: http://www.occ.gov. As part of a consent order with federal bank regulators, the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS) (indepen...

Did you or someone you know just receive a 1099-C form from their previous mortgage company after a short sale? If you owed more on your house than what you sold it for through a short sale, the excess amount of the loan balance above the sales price may be forgiven by the lender. The forgiven am...

  A holiday present from the Congress hidden in the Payroll Tax Bill In the haste to create an Payroll Tax Cut bill that would allow the passage of funding bill that would keep the government running and protect the payroll tax cut, not too many of us noticed that Title IV of HR 3630 is all about...

Act Fast for Mortgage Bail-Out By Kathy Kristof | Jun 21, 2011moneywatch.com   Consumer advocates are famous for saying that if an offer seems too good to be true, it is and you should avoid it. Just this once, ignore that advice. If you’re a homeowner struggling to make mortgage payments because...

Tax agency hikes standard rate for deducting driving costs   By Andrea Coombes, MarketWatch SAN FRANCISCO (MarketWatch) — Higher gas prices prompted the IRS to make an unusual midyear hike to the standard mileage rate used to deduct the cost of business-related driving, the tax agency said Thursd...

HUD announced today that it will increase the annual mortgage insurance premium by 0.25% on all 30 yr and 15 yr loans. The upfront MIP will remain unchanged at 1.0 percent. The new annual premium will be effective for all loans with case numbers on or after April 18, 2011. Below are examples and ...

  Homestead Exemption and Property Tax help: Following are very important homestead exemption and property valuation assessment dispute information.  I hope that the information I provide is useful. I am proving links to homestead exemption info per county. Most of Metro Atlanta counties are lis...

Dec. 17, 2010, 7:19 a.m. EST What the new tax bill means for you By Jennifer Waters, MarketWatch CHICAGO (MarketWatch) -- The new tax bill now on its way to President Obama for his signature will save every American from a number of tax hikes that would have begun Jan. 1 and will add more than a...

With the current market conditions and the large number of home owners who are facing foreclosure or short sales, this question comes up often, "How long do I have to wait before I can qualify for a mortgage loan after I go through a foreclosure or a short sale?". Fannie Mae, who sets most conven...