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Mortgage News Archives - Page 3 of 4 - That Mortgage Banker Blog

Category: Mortgage News

Difference between a Foreclosure and a Short Sale

September 19, 2013 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Many of my customers look at foreclosures and short sales to try to find a deal on a new home. There has been a lot of media hype in the last few years around them, and almost anyone will tell you that you can buy a house cheaper this way than through traditional means. But […]

Housing Counseling Course Explained

September 13, 2013 Marc Edelstein FHA mortgages in Michigan, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

As I’ve been talking about for the last few weeks, new HUD guidelines were released which allow people who have had a foreclosure, short sale, pre-foreclosure, or bankruptcy to purchase a home in as little as 12 months from the incident. To qualify there are certain requirements which must be met, including meeting minimum credit […]

New Help for Those Who Have Had to Short Sell a House

September 11, 2013 Marc Edelstein FHA mortgages in Michigan, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Preapproval, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

Last week, I touched upon the new HUD guidelines released which change certain requirements related to people who experienced an economic event during the great recession. These changes allow you to purchase a home much sooner than before, even if you short sold, went into pre-foreclosure, or foreclosed upon a house, so long as you […]

Buy a New House 12 Months After a Foreclosure

September 6, 2013 Marc Edelstein FHA mortgages in Michigan, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

In my last post, I discussed how the new HUD guidelines released last week helped those who have had to file bankruptcy. Today, I would like to explain the benefits outlined for anyone who has been through a foreclosure in the last few years. In the past, you were ineligible to purchase a new house […]

How the New FHA Guidelines Help You if You Had a Bankruptcy

September 4, 2013 Marc Edelstein FHA mortgages in Michigan, First Time Home Buyers, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Preapproval, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

As I discussed last week, HUD recently released new guidelines for borrowers who have experienced an “economic event” in the last few years. These new guidelines allow qualified loan officers to help borrowers who were forced to declare bankruptcy buy a house if the borrowers meet certain guidelines, and if they experienced an economic event. […]

New FHA Guidelines for Financial Hardships (Back To Work)

August 30, 2013 Marc Edelstein FHA mortgages in Michigan, Michigan Foreclosures, Michigan Mortgage Banker, Michigan Mortgage Lender, Mortgage News, Mortgage Tips, Oakland County Mortgage Banker, Wayne County Mortgage Banker 0 Comments

In a continuing effort to help people rebuild their lives after the great recession, HUD released new guidelines this week which open up the availability for borrowers to qualify for an FHA loan after a “economic event.” Under previous guidelines, to be eligible for an FHA loan, you needed to wait 3 years after a foreclosure,  short […]

Mortgage Market Recap for the week ending Friday November 16th, 2012

November 20, 2012 Marc Edelstein Mortgage News, Weekly Mortgage Market Recaps 0 Comments

There was little market moving news for mortgage rates this week. Little apparent progress was seen regarding the US fiscal cliff or the debt troubles in Europe. Since it’s extremely difficult to estimate the impact of Hurricane Sandy, investors did not give much weight to the US economic data released this week. As a result, […]

Mortgage Market Recap for the week ending Friday November 9th, 2012

November 19, 2012 Marc Edelstein Mortgage News, Weekly Mortgage Market Recaps 0 Comments

Two major factors were positive for mortgage rates this week. President Obama won the election, and concerns about Europe increased. As a result, mortgage rates ended the week lower. The conventional wisdom was that an Obama victory would be positive for bonds and negative for stocks, and this was in fact the reaction in financial […]

Mortgage Market Recap for the week ending Friday November 2nd, 2012

November 19, 2012 Marc Edelstein Mortgage News, Weekly Mortgage Market Recaps 0 Comments

Mortgage markets handled the issues caused by Hurricane Sandy without any major disruptions. Stronger than expected economic data also had little impact, and mortgage rates ended the week with little change. Friday’s Employment report showed that the economy added roughly twice as many jobs as expected (including revisions). Against a consensus forecast of 125K, the […]