Minnesota mortgage and home loan info for first time buyers, MN down payment assistance and more
In case you live in a cave and didn’t hear, the Government extended the tax credit for first time buyers to the end of April 2010. It also expanded the program to include up to $6,500 in tax credits for buyers looking to move up or down. The biggest rule to follow if you are [...]
(10/5/09) On Friday the bad employment news was good for interest rates. Today the bad news is spilling over to something maybe even better for potential home buyers: extending the home buying tax credit. CNBC.com has an article already questioning if the Democrats are in trouble for the next elections–13 months from now–because of the increasing [...]
Alex Stenback over at Behind The Mortgage picked up an interesting story by The Washington Post about the Making Home Affordable Refinance program. According to the Post:
…only 93,070 borrowers have been helped since the effort was launched in April…
The refinancing program is part of the Obama administration’s massive housing program, known as Making Home Affordable. The [...]
The details are out. Reading through it, it’s pretty clear what different companies will be allowed to do from Fannie Mae. What is not clear, is what lenders are going to allow brokers and broker-bankers (correspondent lenders) do by giving the access to the programs. Last week I posed 4 questions about the plan, here’s [...]
On Saturday, April 4th the final details of how the Obama Refinance Plan will become more clear. Fannie Mae is supposed to roll out their new “DU Refi Plus” program which will tell lenders what needs to happen to approve loans for the new rules created by the Obama Housing Plan.
Some of the details we [...]
