Mike DelVero's (mikedelvero) Blog

  The new finger of blame is being pointed and now it is the Regulators or lack of regulations of Appraisers The AP press reported just minutes ago that Toothless rules, bumbling regulators cripple oversight of real estate appraisers according to the news article, ....  "Congress set up a system ...

I am not the only one who is upset about the removal and ban of seller assisted and charitable down payment assistance. Many builders are speaking out and lobbying for a reversal or a revision of this outright ban. The chief executive of one of the nation's largest home builders vented his frustr...

Another option for first-time home buyers is...  to take out money from your traditional individual retirement account (IRA) or from your Roth IRA. Typically, if you take money out of a traditional IRA before age 59½, you pay a 10% early withdrawal penalty. you can avoid that penalty if neither ...

The American Housing Rescue and Foreclosure Prevention Act of 2008,  includes an important tax break. First-time home buyers who purchase a home after April 8, 2008, and before July 1, 2009, are eligible for a $7,500 tax credit (or, if the home costs less than $75,000, a credit equal to 10% of th...

The Amazing Michael Phelps -  8 Gold Medals 8 events 8 Gold Medals 7 Worlds Records Micheal Phelps ----------- Greatest Olympic Athlete ever   Swimming Men's 4 x 100m Medley Relay Final: United States (Aaron Peirsol, Brendan Hansen, Michael Phelps, Jason Lezak) 3:29.34 (World Record)Swimming Men'...

are Down Payment assistance programs are Cash-back fraud ?? In the midst of the mortgage crisis, rising interest rates and tighter lending and the disappearance of 100% financing, one lending option remains for credit worthy borrowers who lack the money for a down-payment. Down-payment assistance...

no one really has a clue to where we are headed. Robert Ashby wrote a great article this week that talks about the foolishness of predictions that really influenced bonds pricing last week. We have arrived at a point to where have so many reports that influence our market, it's become a playgroun...

URGENT NOTICE TO DOWN PAYMENT ASSISTANCE HOME BUYERS!!!! As of October 1st 2008, the down payment assistance programs will no longer be available. This is important to any FHA buyer who would rely on the seller to contribute 6% of the purchase price to cover closing costs and the down payment to ...

The Federal Reserve held the line on Tuesday-leaving the Fed Funds Rate at 2.00% for the third straight meeting. The decision, however, was anything but cut-and-dry. Earlier in the week, the Personal Consumption Expenditure data indicated that inflation climbed 0.8% overall in June, which is the...

On Tuesday (and Wednesday) the Federal Reserve Bank, the "Fed" and its policy makers meet to announce/decide whether or not to lower key interest rates and more importantly, offer a glimpse into the future interest rate cut decisions by sharing their views of the US economy. According to several ...