I recently read an article on Yahoo! Real Estate talking about 5 cities that are ripe for a Real Estate rebound in 2012. The list was compiled by Forbes.com. I wasn’t surprised to see San Jose, CA making the list. Jump in New Home Construction, Better Employment and increase in migration is going to contribute […]
* The below post was originally published on Dec 22, 2011. In Dec 2012, FHA issued a notice announcing that the Flip waiver has now been extended till end of 2014. All other information in the post remains valid.** In an effort to continue stabilizing home values, Acting Federal Housing Administration (FHA) Commissioner Carol J. […]
I am extremely delighted to report that National Mortgage Professionals Magazine has voted me as “Top 40 Under 40” most influential mortgage professionals. In a rigorous process that involves nationwide voting and a review by the magazine judges – only the best in the country are chosen. While selecting me as one of the winners, […]
Just few hours back, President Obama signed a bill reinstalling the FHA Jumbo Limit back for several high cost counties in California to $729,750 (from the recently reduced $625,500). The bill comes into immediate effect, meaning FHA can start insuring the $729,750 Loan Amounts right away. The restored loan amount is good till Dec 2013. […]
Guidelines Released for California New HARP 2 – Obama Government Refinance Get a HARP Rate Quote Now Fannie Mae and Freddie Mac today released the guidelines for the new expanded Home Affordable Refinance Program (HARP), also called Obama Government Refinance program. Here’s 8 things you need to know: The program starts on December 1st, 2011 […]
The expanded HARP (Home Affordable Refinance Program), also called Obama’s Refinance Program is moving along. Bank of America, Chase, Wells Fargo and Citigroup all released statements last week in support of HARP 2.0. Get a HARP Rate Quote Now The Federal Housing Finance Agency had earlier announced the framework for the expanded HARP. Some of […]
San Jose Real Estate Single Family Market Report Both Median and Average Price went up for San Jose Single Family Market in October 2011 compared to September. But still remained lower compared to last year. However, number of sales was much higher than same month last year. The table below has more statistics: San Jose […]
Federal Housing Finance Agency (FHFA) just announced that it is expanding it’s HARP Refinance program for California and rest of the country for borrowers who are underwater on their mortgages. The plan, targeted at borrowers who hold loans backed by Fannie Mae and Freddie Mac, is the latest government effort to deal with a problem […]
Rejoice California Homebuyers and Home Owners – The $729,750 Loan Amount Limit for Conforming and FHA Loans could be coming back. These loan amounts were rolled back to $625,500 few weeks back. Bloomberg reported – The U.S. Senate adopted a measure that would raise the maximum size of a home loan backed by mortgage companies […]
After falling below 4% for a 30 Year Fixed (the lowest on record), California Mortgage rates have started to climb up. For 6 days in a row Mortgage Backed Securities have gone down in value, thus increasing the Mortgage Rates. Last week Freddie Mac released it’s weekly survey quoting the 30 Year Fixed National Average […]
