Tag Archive: shop for loan

Mar 02

FHA loans getting more expensive

In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increases in the premiums they charge borrowers. Simply stated, the cost of borrowing is going up. FHA loans, by design, are more liberal in their underwriting guidelines than most conventional loan …

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Dec 31

Washington State #2 on problem-bank-list

Now finishing year three into the ‘banking crisis,’ the infant New Year finds 8 of the 10 top ‘problem banks’ located in the West. Washington state is holding down #2 spot. According to Calculated Risk, Arizona ranks at the top with 45.6% of its institutions having failed or being identified as a problem. Washington is a close second at 45.4%. …

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Nov 15

First-time homebuyer videos from HUD on YouTube

HUD has recently released three short informational videos on YouTube for first-time homebuyers: Shopping for Your Home, Shopping for Your Loan, Closing the Deal.

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