Deeds and Leases

This article from the Appraisal Institute is really quite significant, since for the past year it has been almost impossible to obtain low down payment mortgages unless you went to the FHA. The mortgage insurers (those that have not gone bankrupt), are seeing a loss in revenue due to the rise of FHA financing which [...]

Okay okay, is this the case of a government agency expanding itself? For once, NO! This may be a case of acronyms gone wild, but it is vitally important in the expansion of rights for all people to obtain housing without fear of discrimination. Today the New York Times reported that The Federal Housing Administration [...]

The impending reversion of the Fannie Mae, Freddie Mac and FHA loan limits back to the old $417,000 conforming loan limit at the end of the year has been postponed to December 2010! In January 2009 the loan limit had been increased in Westchester (considered a ‘high cost’ area) to $729,750. Above this level are [...]

With a nod to JD Supra, this is an excellent summation of the new Condo FHA guidelines. While spot approvals are allowed, and the right of first refusal is gone, the reality is in Westchester it will be HARDER to get approvals in most cases. Why? The environmental restrictions. Any complex near a highway, busy [...]

This is a bipartisan bill currently in the Senate and is supported by the National Association of Realtors. It would increase the tax credit, the types of properties eligible, and allow you to take the credit over two years. This sounds like a winner and let us hope it gets passed! Read about it by clicking [...]

By Ken Trepeta RISMEDIA, Nov. 10, 2008-Over the past several months, the Federal Housing Administration (FHA) and others in the mortgage industry have observed an increase in the number of homeowners who have chosen to vacate their existing principal residences, purport to rent them out, and purchase a new residence. This increase has been attributed [...]