The Mortgage Messenger

If you are a Realtor listing a condo then you should get the resale package right away and check to see if there is a pending litgation agaist the condo association and secondly to check to see if there is a right of first refusal. The condo questionaire's are now asking these questions. If there...

Even though Hud lifted the 90 day flipping rule for FHA most lenders are keeping it as a guideline meaning that the seller has to be on title for 90 days beore a contract can be signed. I found 3 lenders who will allow it as long as there has only been one transfer of title in the past 12 months ...

Does anyone think that FHA will extend the deadline of February 15th as the date to change to HVCC to order appraisals?

Hi, Recent HUD news, they are removing the 90 day seasoning for FHA purchase of flipped properties for one year. Yesterday's news was that they are increasing the UFMIP (up front funding fee) on FHA loans from 1.750% to 2.250% and decreasing seller's paid concessions from 6% to 3% on April 5th of...

Hi, I'm wondering what you are seeing in your local markets, is there urgency to purchase before the tax credits expire? Do you see buyers scrambling to close quickly?