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FHA to reject borrowers in minor credit disputes

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Borrowers in ongoing disputes with creditors over debts of $1,000 or more may no longer qualify for FHA-insured loans. Even borrowers with perfect credit scores can be denied over a single $1,000 problem charge.

http://money.cnn.com//2012/03/30/real_estate/FHA-loans/index.htm

Low-ball appraisal: Mortgage denied

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Even as some mortgage standards have eased, hitting a needed appraisal value is proving a frustrating blocker for buyers and sellers and those looking to refinance.
Don’t let this happen to you.

http://money.cnn.com//2012/03/30/real_estate/mortgage-denied/index.htm

The one number to watch for a housing recovery

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If you’re waiting for home prices to go up, then you’re missing signs the troubled housing market has finally turned around.  Take a look at this link and let us know if you have any questions.

http://finance.fortune.cnn.com/2012/03/20/housing-recovery-prices/

Watchdog blasts housing program for ‘hardest hit’

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In a report recently released, the Special Inspector General for the Troubled Asset Relief Program (TARP) said that just 3% of $7.6 billion available in the Hardest Hit Housing Markets program had been tapped as of Dec. 31.

http://money.cnn.com//2012/04/12/news/economy/tarp_housing_program/index.htm

More parents helping kids buy homes

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Hey, baby boomers! Pondering what gift to get your kid who’s all grown up? For many of your peers, the answer is a house.

http://money.cnn.com/2011/12/07/real_estate/home_buying/index.htm

Checklist: 17 Service Providers You’ll Need When You Sell

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We bet there are a few on this list that you haven’t thought about….ask us for referrals to any of these providers.

http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-sellers/checklist-17-service-providers-youll-need-whe#

Statistics Prove Home Staging Works

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Recent statistics gathered by Stagedhomes.com shows that 94 percent of homes staged by an Accredited Staging Professional sold in 29 days or less, compared to an average of 145 days for homes that were not staged.

http://styledstagedsold.blogs.realtor.org/2012/01/24/statistics-prove-home-staging-works/

How Do You Measure Square Footage? What is Defined as a Bedroom?

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Do you really know the square footage of your home? Do you really know if that room you use as a den could be considered a bedroom in case you want to sell? You’re not alone.  Take a look at this article for instructions on how to measure using the most common technique.

http://www.zillow.com/blog/2011-06-09/how-do-you-measure-square-footage-what-is-defined-as-a-bedroom/

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Newly-Delinquent Mortgage Loans Fall to Lowest Share in nearly 4 years

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A bright spot has appeared – with the lowest reading for loan delinquencies as a share of total loans outstanding in nearly three years.  Take a quick look at this link to read more:

http://eyeonhousing.wordpress.com/2011/11/17/mortgage-bankers-newly-delinquent-mortgage-loans-fall-to-lowest-share-in-nearly-4-years/

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Existing-Home Sales Show Uptrend

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Lawrence Yun, NAR chief economist, said these are early signs of what may be a sustained recovery. “The pattern of home sales in recent months demonstrates a market in recovery,” he said. “Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.”

http://www.realtor.org/press_room/news_releases/2012/01/ehs_dec

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