FHA vs. Conventional Loan Financing

FHA - Rates are lower than Conventional
The main advantage to FHA home loans is that the credit qualifying criteria for a borrower are not as strict as conventional financing.


FHA will allow the borrower who has had a few "credit problems" or those without a credit history to buy a home.



FHA was created by the federal government to provide affordable housing financing for qualified...

The beat down continued yesterday in the fixed income sector following much better than expected news on existing home sales. Both treasuries and mortgage backed securities continued to sell off increasing yields which forces lenders to increase mortgage rates. All lenders did reprice for the worse. So far this morning, the weakness in the rates markets appears to be easing with MBS opening higher but the day has just begun and we have some data hitting the wires this morning.

The...

Just wanted to wish everyone a Merry Christmas and a Happy New Year through a card I created.

That's really me pretending to be Santa .

I created the image myself.



Carlos

The prices of mortgage backed securities took a tumble yesterday. MBS opened lower and they continued lowered throughout the day which lead to all lenders repricing worse with some repricing multiple times. By the end of the day, the par 30 year fixed rate mortgage had climbed to 4.875%. The downward pressure is continuing this morning with MBS losing more ground at the open of trading. To remind readers, as the price of MBS move lower, lenders are forced to increase consumer borrowing costs....

Lindenhurst Village Real Estate Market Report For Month Ending November, 2009

This report is for single-family homes only.
New Homes Currently On The Market - 29 (Down 40% Compared To October)
Average
$343,258 (Listing Price) (Down 5% Compared To October)
Low
$149,000 (Listing Price) (Down 10% Comared To October) Half of these homes are Short-Sales. Lindenhurst has a high rate of them right now due to people not being able...