by kramoltz@hotmail.com | Feb 24, 2015 | Mortgages + Lending
Good news on the lender front. First, HUD has reinstated the higher limits on FHA loans that expired 1/1/09. The limit for this government guaranteed loan was $346,250 last year for a single family home. But on 12/31/08, that amount lowered to $271,150.00. The impact...
by kramoltz@hotmail.com | Feb 23, 2015 | Foreclosures + Short Sales, Real Estate Facts & Figures
James B. Lockhart, Director of the Federal Housing Finance Agency today released the first monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loan modification efforts of Fannie Mae and Freddie Mac. Fannie Mae’s HomeSaver Advance...