FHA has announced a program whereby homeowners with FHA mortgages who have been affected by recent issues with defective drywall can temporarily suspend or reduce payments on their mortgage in order to give them the additional cashflow that they might need to deal with those drywall issues. Read the rest of this entry »

Here’s a quick overview of current mortgage rates/payments for some typical scenarios that we have run for consumers recently. Read the rest of this entry »

In testimony before Congress today, HUD Secretary Shaun Donovan announced plans to reduce the risk that FHA is exposed to in its loan insurance operations; these plans, however, will make FHA loans much less appealing to many borrowers, and may slow down the nascent recovery in the housing market. Read the rest of this entry »

FHA has issued their official loan amount limits for 2010. As previously announced, the overall cap was left at $729,750, but individual areas faced the possibility of having their limits set below that cap; with the new announcement, many of those higher-cost areas (including DC) can rest easy knowing that their local limits will not be decreasing. Read the rest of this entry »

Contact information and tips to help consumers monitor their credit reports and correct inaccurate information on those reports (for free). Read the rest of this entry »

Here’s a quick overview of current mortgage rates/payments for some typical scenarios that we have run for consumers recently. Read the rest of this entry »

Here’s a quick overview of current mortgage rates/payments for some typical scenarios that we have run for consumers recently. Read the rest of this entry »

Although the loan limits on high-balance conforming mortgage loans may be decreasing significantly in coming months, FHA mortgages should not be affected by those changes. Read the rest of this entry »

Conforming loan limits in the metro DC area may be changing significantly in coming months, potentially dropping by nearly half by the end of the year. Read the rest of this entry »

MRIS has made a lot of changes to the tools that let agents email listings to clients in the last few months; most of them add a lot of functionality, but a few (sadly) remove useful functionality, so agents who rely on those emails need to know what features have changed or gone away. Read the rest of this entry »