Archive for the ‘FHA’ Category
Friday, June 27th, 2008
Don't you think it's fascinating that some members of Congress are doing their darndest to drag down the mortgage industry-when in fact, they may have benefited from some of the "wrongdoing"?
Senator Dodd (D-Connecticut) is the chairman of the Senate Banking Committee, and has been at the forefront of those calling ...
Posted in FHA, HUD, Housing Options, Mortgage Costs, Real Estate | 2 Comments »
Tuesday, June 3rd, 2008
In a previous blog, I talked about FHA's change to a credit-score based MIP (mortgage insurance premium). This is good news for folks who need the benefits that come with FHA loans (i.e. lower down payments and higher debt-to-income ratios) but who have exercised good sense when it comes to ...
Posted in ARM, FHA, Housing Options, Mortgage Costs, Mortgage Laws, RateWindow | 1 Comment »
Monday, June 2nd, 2008
From the time that mortgage companies started using FICO scores in the mid-1990s to gauge a borrower's so-called "credit worthiness", there has been a common belief that the higher a person's income, the higher his credit score would be. According to a recent article by Kenneth Harney, that appears to ...
Posted in FHA, Housing Options, Mortgage Costs | 1 Comment »
