[cherry_row] [cherry_col size_md="12"] HUD announced 1 hour after President Trump was sworn in that the recent reduction of the FHA Mortgage Insurance Premiums(MIP) has been suspended. This falls in line with what I indicated could happen in my blog FHA Drops Mortgage Insurance Rates – But ... » Learn More about Trump Already at Work – Suspends FHA Mortgage Insurance Premium Reduction
FHA Drops Mortgage Insurance Rates – But Will It Stick?
FHA took a bold step into 2017, announcing that they will reduce the annual mortgage insurance premiums most borrowers will pay by a quarter of a percent. What was really bold is they decided to do it a month after HUD Secretary Julian Castro indicated that even though the FHA reserves were at 2.3%, ... » Learn More about FHA Drops Mortgage Insurance Rates – But Will It Stick?
TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
I've been saying it for years when I give credit seminars, I recommend that everyone pulls their own credit from the credit bureaus once a year to verify the accuracy of the information in the system, but ignore the credit scores they supply. I've been calling those scores "toys". Now the ... » Learn More about TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
Mortgage Rates Finally Get Better
After a parabolic increase in interest rates since the BREXIT vote in July, the rates have backed off a fair amount over the past few days. I expected this since the bonds and mortgage backed securities needed to take a break, and the investors that had capital gains over the past year held off on ... » Learn More about Mortgage Rates Finally Get Better
Top 10 Markets for Housing in 2017 (Infographic)
Being #2 we try harder :-) If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage ... » Learn More about Top 10 Markets for Housing in 2017 (Infographic)