My rookie season in the mortgage lending business occurred in 1983. That was the year of Michael Jackson videos, Ronald Reagan speeches and “old school” mortgage lending. In 2009 (26 years later), the rules have “boomeranged” and returned to “back to basics” lending. By “back to basics”, I am referring to actually verifying the homebuyer’s […]
Entries Tagged as 'FHA buyers'
Back to Basics: How to Obtain a Loan Approval in 2009
November 2nd, 2009 · No Comments
Tags: VA Loans · Refinances · Paul Scheper · Standard Loans · Lending · FHA Financing · Mortgage Lending · FHA buyers
REALTOR® ORGANIZATION OPPOSES FHA ANTI-FLIPPING RULE
October 18th, 2009 · No Comments
At their recent fall meetings, directors of the California Association of Realtors® (CAR) adopted the following motion: “That C.A.R. in conjunction with NAR, “SUPPORT” the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in opposition to the FHA 90-day anti-flipping rule.” While support for […]
Tags: Bob Hunt · Anti-Flipping Rule · CAR · NAR · First-Time Buyers · FHA Financing · REO's · Property Flipping · FHA buyers · Foreclosures