ARCHIVED BLOG POSTS
2008
2
Comments
Wholesale mortgage rates are down slightly this this morning after Fannie Mae Mortgage Backed Securities fell 4.8 basis points to 6.280% from 6.327% on Wednesday. A basis point is 1/100 of a percent Dow Stocks were down 85 in early trading. Treasury yields dropped early Thursday, to the lowest p...
07/31/2008
Attend Free FHA On-Line Class FHA Changes After October 1, 2008 FHA AFTER THE HOUSING BILL FHA Basics and How to work with the increased Downpayment and Elimination of Downpayment assistance. Friday, August 1, 9:30 to 11:00 AM Presented by Bill Ladewig Closing FHA Loans Since 1970 Space is limite...
07/30/2008
2
Comments
Up to the mid 90's the primary VA loan marketed in So Cal was the VA NO/NO. 100% financing with NO Down and NO Closing costs (seller paid). To the best of my knowledge, defaults and foreclosures remained within acceptable levels because those loans were, for the most part, carefully underwritte...
07/30/2008
0
Comments
Wednesday's Market Wholesale mortgage rates are up sharply this this morning after Fannie Mae Mortgage Backed Securities jumped 25.1 basis points to 6.561% from 6.310% on Tuesday. A basis point is 1/100 of a percent Dow Stocks were up 130 in early trading. Treasury yields climbed early Wednesday...
07/30/2008
0
Comments
FHA will change After October 1, 2008 Attend Free On-Line Class FHA AFTER THE HOUSING BILL Learn how the controversial Housing Bill is going to effect your Business Friday, August 1, 9:30 to 11:00 AM Presented by Bill Ladewig Closing FHA Loans Since 1970 Space is limited.Reserve your Webinar seat...
07/29/2008
2
Comments
Wholesale mortgage rates are down this morning after Fannie Mae Mortgage Backed Securities slid 6.7 basis points to 6.310% from 6.377% on Monday. A basis point is 1/100 of a percent Dow Stocks were up 136 in early trading. Treasury yields increased early Tuesday, as U.S. stock markets headed hig...
07/29/2008
5
Comments
In the past few years most of us have gotten out of the habit of asking our clients if they are eligible for a VA loan. VA offers 100% financing up to $417,000 and interest rates are competitive with conventional loans. When calculating the sellers net keep in mind that VA does not allow the bor...
07/28/2008
0
Comments
The FHASecure is a temporary program designed to provide refinancing opportunities to homeowners who have fallen behind due to ARM rate increases. The program requires applications be signed no later than December 31, 2008. Refinancing Non-FHA Adjustable Rate Mortgages Following Resets This prog...
07/28/2008
6
Comments
FHA 203(k) allows the cost of rehabilitation or home improvement to be included in a purchase or refinance loan and work. One loan finances the purchase and improvements. The 203(k) is a great marketing tool that can bring added value to real estate agents. While it is a great tool to rehabilit...
07/28/2008
1
Comments
New MIP Calculator Provides every FHA calculation for every location in the country. On again, Off again Risk based MIP has been put on hold indefinitely so until then, Upfront MIP (UFMIP) is 1.75% of the loan amount and the monthly MIP is 0.55%. of the loan amount divided by twelve. In 2008, ...
07/27/2008
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Bill Ladewig
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