Christian's Blog

  Have you or anyone you know purchase a lawn mower in the past 17 years? If so, you may be eligible to be part of a class action legal settlement against major lawn mower and engine manufacturers. You could receive up to $35 for each walk behind mower and up to $75 for each riding lawn mower.   ...

The Federal Home buyer tax credit will begin to sunset on April 30, 2010 and expire on June 30, 2010.   The Federal Home buyer tax credit will begin to sunset on April 30, 2010 and expire on June 30, 2010. Following are the latest provisions of the proposed First Time Home Buyer Tax Credit Exten...

  Homestead Exemption and Property Tax help: Many of you have said that you would like to have  information regarding homestead exemption and property tax assessment dispute without searching all over the internet. I hope that the information I provide is useful and help you and your customers. ...

The Fed will be exiting the mortgage backed securities market in the very near future. This will bring about a jump in mortgage rates. Following video clip gives an overview of what can happen when the Fed exits the mortgage backed securities market.    

  Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties Incentive Part of Ongoing Effort to Stabilize Neighborhoods "WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the fina...

  Through a press release on January 20, 2010, FHA commissioner David Stevens issued several policy chages that they hope will lead to strengthening their capital reserves and mitigating added risk. The main points of the policy change are as follows:   1. Up front mortgage insurance premium wil...

  On January 15, 2010, the U.S. Department of Housing and Urban Development (HUD) issued a Waiver of Requirements of 24 CFR Sec.203.37a(b)(2).  This regulation provides that a mortgage for a property will not be eligible for FHA insurance if the contract of sale for the purchase of the property i...

FHA to Toughen Mortgage Rules in Lenders Crackdown Published: Wednesday, 2 Dec 2009 | 9:46 AM ET By: Diana OlickCNBC Real Estate Correspondent   Amid rising foreclosures and falling home prices, the Federal Housing Administration is proposing new rules to crack down on lenders and asking Congress...

    Christian Pak Executive Manager Citinet Mortgage Phone: (678) 638-1200 Direct: (404) 939-0502 Fax: (678) 638-1215 cpak@citinetmtg.com www.citinetmtg.com         Senate and House Pass Home Buyer Tax Credit Extension   Earlier yesterday the House of Representatives passed legislation to extend ...

Obama To Sign Bill Friday Extending Homebuyers Credit Published: Thursday, 5 Nov 2009 | 3:06 PM ET   The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits. Congress on Thursday completed work o...