FHA Streamline Refinance: This is a big deal…

fha-roadblocks-streamline

Dan Green, a mortgage originator with Waterstone Mortage and author of the fabulous blog, The Mortgage Reports, wrote a terrific (and truly important) piece, FHA Streamline Refinance Changes : Banks To Stop Verifying Income, Job, And Credit. Go. Read it. In  nutshell, if you have an FHA mortgage, you can refinance it. Even if you are underwater (owe more on your mortgage than the house … [Read more...]

Federal Government at Work: New Rules for FHA mortgages.

Sometimes I don’t understand Congress and the government. Ok, often I don’t understand them… Case in point: The flurry of activity in the hollowed halls of the U.S. Capitol building over the last couple of months to get the first-time homebuyer’s tax credit extended (and expanded beyond first-time buyers) was touted as necessary to help people buy homes and turn around the ailing real … [Read more...]

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