Tag Archive | FHA

HUD to Sell 40,000 Distressed Loans in 2013

In an effort to address the country’s shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration.Throughout the summer ahead, HUD will sell approximately 20,000 distressed loans via the Distressed Asset Stabilization Program in an attempt to […]

Housing Giving Off Mixed Signals: Are we recovering or not?

Housing has been a tremendous drag on the overall economy, and while the ink is not yet dry on the history books, fingers are still pointing in every which direction, and there is not a consensus regarding when the sector will be recovered, but the emerging consensus is that the recovery process has begun. We […]

5 Things Preventing You From Getting a Mortgage Refinance

Mortgage rates are beginning to creep up, but they’re still well within the kind of range that makes longtime homeowners shake their heads in disbelief. The average interest rate on a 30-year fixed-rate mortgage hit 3.63 percent for the week of March 10, marking the highest point since last summer. So while a seller’s market […]

The Right Mortgage

If you’re considering buying a home, securing a mortgage loan is a key part of the process.  However, you’re probably wondering: how do I find the best mortgage loan for my financial needs? Generally speaking, there are two types of mortgage loans: A fixed-rate mortgage offers a rate that stays the same over the life […]

Myths and Facts about Appraisals

Consumers tend to have some misconceptions about the appraisal process. If you’ve ever watched “Antiques Roadshow” on PBS, you’re already familiar with the concept of an appraisal. The idea is similar in the realm of real estate valuations. Each property is unique, and the appraiser relies on his or her general expertise and specific research […]