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Mortgage Market Insight

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Blog Name: Mortgage Market Insight
Url: http://michaelpfeffer.wordpress.com/
Language: English
Topics: economics, mortgage, market
Description:
Popularity: 1 Followers

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Guideline – Income for those re-entering the workforce
For conventional loans (non-government) beginning December 12 - Borrowers who re-enter the workforce but have less than a 2 year employment and income history must now be in the current position fo...more
Guideline – Mortgage Insurance change (acreage)
Beginning December 12 conventional (non-government) loans for properties with more than 10 acres will no longer be supported by mortgage insurance.  This means the total loan amount must make up no...more
Guideline – Mortgage Insurance change
Beginning December 12 conventional (non-government) loans that allow non-occupant co-borrowers will no longer be supported by mortgage insurance.  This means the total loan amount must make up no m...more
New Mortgage Program (CDMP)
CDMP (Community Development Mortgage Program) is a mortgage financing option created for well qualified borrowers that want to put less money down but do not want the burden of Mortgage Insurance. ...more
Home Buyer Tax Credit Update
Today Congress approved legislation that will extend the first-time home buyer tax credit beyond its Nov. 30 deadline and expand it to a wider group of home buyers.  The legislation, which will be ...more

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