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Archive | June, 2010

Good News For Sellers : Housing Starts Fall To 1-Year Low In May 2010

June 17, 2010

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Single-family housing starts plummeted to a one-year low in May, just 30 days after soaring to a 20-month high. It’s no wonder home builders are confused.

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Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week

June 16, 2010

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If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. Starting next week, Fannie Mae is clamping down on the popular loan product.

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Shopping And Paying Bills Online? Here’s Methods To Protect Your Online Financial Identity

June 15, 2010

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In May 2010, Retail Sales at non-store retailers — a category that includes Amazon and eBay — topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online. But how well are we protecting our identities?

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Change Your Air Filters Monthly (But Don’t Go Cheap)

June 14, 2010

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Not all air filters are created alike. Don’t go cheap.

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FHA Mortgage Insurance Premiums Approved To Triple In Cost

June 11, 2010

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In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

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Bank Reposessions Reach Record Levels For The Second Straight Month

June 10, 2010

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According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. All 50 states are up, year-over-year.

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Conforming Loan Costs Are Rising, Says Freddie Mac

June 9, 2010

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Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.

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Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

June 8, 2010

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A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.

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Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

June 8, 2010

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A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.

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How To Mount And Install Carbon Monoxide Detectors In Your Home

June 7, 2010

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Whether you own a home or rent one, equip your residence with working carbon monoxide detectors and test them regularly. In this 2-minute video, you’ll learn how to get started.

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