Mortgage Insurance
With all the foreclosure activity we have seen since the housing market started slipping, mortgage insurance companies have really suffered. Mortgage insurance is essentially “foreclosure insurance” for banks. When a home buyer purchases a house with less than a 20% down payment, they are usually required to pay for a policy of mortgage insurance to [...]
Continue reading about Mortgage Insurance Changes Will Reduce The Amount Buyers Qualify For
A recent stat shows that 23.3% of all US homes are underwater, meaning that the owners of these properties owe more on their home than what it is actually worth. If these homeowners need to sell, they generally have to do it by means of Short Sales. Unless they have reserves of Cash stashed away, [...]
Continue reading about Banks are Trying to Get More out of Short Sales
The FHA is making some changes to FHA loan requirements. Among these are higher required down payments for people with poor credit, and increased upfront mortgage insurance premiums.
Continue reading about FHA Home Loan Upfront Mortgage Insurance to Rise
