On Friday, January 15, 2010, HUD Secretary Shaun Donovan issued a press release, as part of HUD’s Neighborhood Stabilization initiative, temporarily waiving FHA’s 90 Day Seasoning Rule. Amazingly, HUD is cognizant that the seasoning guideline is having a negative impact on alleviating the problem of abandoned and blighted homes:
“In today’s market, FHA research finds that [...]
Kathleen Pender Sunday, November 16, 2008
Should you keep paying your mortgage?
If you have significant equity in your home, absolutely. Are you an idiot to keep paying your mortgage? If you don’t, it’s getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many [...]
July 22, 2008 – CMPS Institute
“There are two main issues that need to be addressed regarding the problems being experienced by Fannie Mae and Freddie Mac,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers.
Issue #1 – Short-term crisisFannie and Freddie currently purchase a whopping 68% of all [...]