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Home Prices on the Rise, New Flame or Old Fizzle?
The widely watched released their home price numbers yesterday and show that the U.S. National Home Price Index improved in the second quarter of 2009. The data covers 20 cities across the US and reports that the index rose quarter-over-quarter b...
Why Only a Fool Would Call this a Bottom in the Real Estate Market
National Association of Realtors last week reported existing home sales had increased for the fourth month in a row. Existing homes, or homes that are previously owned, were up 7.2% to an annualized rat of 5.25 million compared with June and 5% f...
The Significance of the Mortgage Disclosure Information Act (MDIA): How it Will Affect You
What is the MDIA or Mortgage Disclosure Information Act? The Mortgage Disclosure Information Act or MDIA was passed into law when Congress enacted the Housing and Economic Recovery Act becoming effective July 30, 2009. The MDIA, seeks to ensure that ...
$8,000 First Time Homebuyer Tax Credit is Winding Down, Just 8 Weeks Left to Find a Home
For first time homebuyers out looking for homes that will utilize the $8,000 tax credit, times a running out. November 30th, 2009 is the final day to close and with the new Truth in Lending MDIA disclosure it could take up to 45 days to close on the ...
How to Accept a Down Payment Gift that Wont Get Turned Down by the Lender
During the past couple of years as mortgage guidelines have tightened, home buyers have had to come up with larger down payments when purchasing a home. Whether the application is for a conventional home loan or an FHA loan, banks want the home buyer...
Investor Property Flipping, Seller Seasoning and Home Loans
There is a new, old bad word among lenders now and that is property flipping concerning seller seasoning. The current lending crisis has led to seller seasoning becoming more of an issue among buyers, lenders, investors and brokers. Seller Seasoning ...

