Mortgage Financing Archive

The Tax Credit Vs. Cash for Clunkers

By Brian Summerfield, Online Editor, REALTOR® Magazine Amid several news reports that the first-time home buyer tax credit will almost certainly be extended, I’ve seen more than a few blogs and online comments arguing against it. Some of them...
October 30, 2009

Stevens: Facts Getting Lost in FHA Safety Debate

By Robert Freedman, Senior Editor, REALTOR® Magazine “Nobody has asked to come in and look at our balance sheet, to go through our finances, which I’ve offered to everybody.”—FHA Commissioner David Stevens News reports raising concerns that FHA might...
October 22, 2009

Jumbo Freeze Might be Thawing

By Robert Freedman, senior editor, REALTOR® Magazine It’s still early but there are signs the availability of jumbo financing might be improving—although underwriting standards probably won’t ease any time soon. That means the days of creditworthy borrowers having a...
October 15, 2009

An Under-the-Radar Win for Common Sense

By Robert Freedman, Senior Editor, REALTOR® Magazine It’s a small thing, but it’s impact could have been big. Some new federal lending rules take effect tomorrow (under HOEPA—the Home Ownership and Equity Protection Act) and among them is a...
October 1, 2009

Mental Recession Redux?

By Brian Summerfield, Online Editor, REALTOR® Magazine In July 2008, in the heat of the presidential election, McCain campaign advisor and former U.S. Senator Phil Gramm caused some controversy when he seemingly characterized the United States as “a nation...
September 25, 2009

Getting the Tax Credit Extended: Outlook

By Robert Freedman, senior editor, REALTOR® Magazine What are the chances of getting the first-time home buyer tax credit extended, particularly before its expiration Dec. 1? No one can know that, of course, but what’s clear is that the...
September 25, 2009

Can You Afford to Say No to FHA Borrowers?

By Robert Freedman, Senior Editor, REALTOR® magazine Hopefully you don’t consider it a mark against buyers if they want to use FHA financing. It’s true it typically takes longer to process FHA-backed financing than it does conventional loan applications,...
September 2, 2009

Thought About Lease-to-Own Transactions?

By Robert Freedman, Senior Editor, REALTOR® Magazine The news on housing has been good lately, with existing-home sales up for the last several months, but we’re still in a very difficult market, particularly with move-up homes. Not only have...
August 6, 2009

A Proposed Reboot for Fannie and Freddie

By Brian Summerfield, Online Editor, REALTOR® Magazine A proposal to take Freddie Mac and Fannie Mae’s bad assets off the books and restructure the two organizations is scheduled for discussion at the White House’s National Economic Council today. A...
August 6, 2009

New “Reg. Z” Rules Could Slow Closings

By Robert Freedman, Senior Editor, REALTOR® Magazine Starting tomorrow, July 30, you could see transactions slowed as lenders try to navigate changes to rules (“Reg. Z”) on consumer disclosures under the Truth in Lending Act (TILA). By being aware...
July 29, 2009