Thomas Gineo's (tgineo) Blog

I came across this information concerning home values for the major metro areas within the United States. Hope you find it useful for your daily business. Housing Prices in Q4-2010 Home values in the United States posted their largest quarterly decline since the first quarter of 2009, falling 2.6...

Paradise Valley, AZ Lender owned home for under $600,000. This 3700 square foot, 3 bedroom, 4 bath home is located in the highly desirable Colonia Miramonte community of the Camelback Inn. All on one level with private pool. Great gated location in Paradise Valley, Arizona. Visit www.searchinggre...

The research firm CoreLogic says the share of mortgage borrowers who were underwater – meaning they owed more on the loan than their home was worth – shrankduring the third quarter. But analysts say the news is hardly encouraging since the decline is being attributed to a rise in foreclosures ra...

Looks like mortgage rates are starting to go up. If you are thinking about buying a home, now is the time. Long-term mortgage rates rise for the third straight week "Mortgage rates followed bond yields higher this week as recently released economic data suggest the economy may be stronger this qu...

Golf course homes in Ahwatukee. Looking for golf course homes and townhomes, check out some of theses in Ahwatukee. At this time there are 31 homes and townhomes on the golf course in Ahwatukee, AZ. for less than $300,000. Purchase a 2 bedroom 2 bath 1015 square foot townhome on the golf course i...

Relocating to Phoenix, Arizona, or wanting to upgrade to a newer Home? Ckeck out homes in Ahwatukee and Club West Foothills. Minimum 3 bedroom, 2 bath, 1300+ square feet, built in 2000+. Single family with pools or townhomes are available. 16 homes and townhomes to choose from under $200,000. Gre...

Just received this info from my Broker concerning bank foreclosures. Could change alot things with foreclosed sales and short sales. Here is What's in the News:   (Reuters) - "U.S. lawmakers pushed for the country's largest mortgage lenders to suspend foreclosures in all 50 states after Bank of A...

In addition to my previous post, other changes in FHA will be as noted; Minimum Fico will go from 620 to 640/ buyers will need 2months reserves/5.5% down/3% toward closing costs instead of 6%. Good news, rates are the lowest since 1956 and in Phoenix homes are the lowest priced since the 1980's.

New changes with FHA (mandated by HUD). UFMIP currently is 2.25% upfront and will be reduced to 1% (rolled into the loan). The major change is with the MIP, currently at .55% it will increase to 1.55. E.G. 200k would have a total of 92.00 MIP which after the 1.55% the cost would be 258.00 (a 40-5...