Category Archives: Lending

Refinancing underwater mortgages in Nevada

Posted on December 9, 2011 by Guy Johnson

[Note: The following piece is submitted to this blog by Jonah Trenton of Refinance Mortgage Rates. Jonah enjoys the Reno Realty Blog and would like to share the information below with the blog's readers.] The Reno-Sparks housing market is projected … Continue reading →

Posted in Lending | 1 Comment

Mortgage delinquencies forecasted to decline in 2012

Posted on December 8, 2011 by Guy Johnson

According to an annual forecast released yesterday by TransUnion, mortgage delinquencies are expected to decline by about 5 percent by the end of 2012. Specifically, mortgage delinquencies are expected to rise through Q1 2012 and then decline for the last … Continue reading →

Posted in Foreclosures, Lending | Tagged | 11 Comments

Why do women pay more for mortgages than men?

Posted on December 2, 2011 by Guy Johnson

Apparently it’s not because of gender discrimination, but rather because when shopping around for cheaper loans, women rely on the recommendations of friends. Check out this report that documents why women on average pay more for mortgages than men: Do … Continue reading →

Posted in Lending | Tagged , | 7 Comments

RU Fannie/Freddie?

Posted on December 1, 2011 by Mike McGonagle

So HARP 2.0 has launched, but your loan must be owned by Fannie Mae or Freddie Mac to qualify or even get considered. If you want to avoid a 2 hour phone queue with Citi/Chase/ BofA/ Wells just to ask … Continue reading →

Posted in Foreclosures, General, Lending | Tagged , , | 5 Comments

About the USDA Home Loan Program

Posted on November 17, 2011 by Guy Johnson

[The following is a guest post by Jasmine Reese, of USDA Loans.com.] A few years back, the Department of Agriculture transformed rural living perceptions when they made revisions to business and home loan programs. Before, the USDA granted loans to … Continue reading →

Posted in Lending | Tagged | 9 Comments

USDA loan terms to change October 1st

Posted on September 29, 2011 by Guy Johnson

[Ed. Note. -- Lisa Fleck, a Sr. Loan Officer with Summit Funding, has provided the following information regarding changes to the USDA Rural Home Loan program.] The common man’s VA loan, the USDA loan, is changing effective Oct 1, 2011 … Continue reading →

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Record-setting mortgage rates continue

Posted on September 16, 2011 by Guy Johnson

It seems that every week we see reports of mortgage rates hitting new lows – lower than the week before.  As an example, check out these recent pieces (last thirty days) from the RGJ… Mortgage rates hit new lows, but … Continue reading →

Posted in Lending | Tagged | 18 Comments

FHA loan limits extended until December 31, 2011

Posted on August 21, 2011 by Guy Johnson

Last Friday the Department of Housing and Urban Development issued a Mortgagee Letter to all approved mortgagees stating what are to be the Federal Housing Administration’s (FHA) Maximum Loan Limits Effective October 1, 2011 through December 31, 2011.  For the … Continue reading →

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