The Federal Housing Administration, more commonly known as the FHA, is proposing a new rule that could reshape the mortgage industry. The rule, Strengthening Risk Management through Responsible FHA-Approved Lenders, focuses on increased net worth requirements for mortgage lenders.  In short, with this change, the lender will assume more liability on originating FHA loans. To date there are about 13,800 registered lenders in [...]
In: Housing 101
16 Sep 2009The housing marketing is improving. But what does this mean in terms of sales, inventory, supply and prices? What are the true numbers behind the improving market? Lets examine this topic.  We’ll use the unique date of 9/9/09 to look at the data from the Atlanta housing market to see what conditions are like today compared to the past [...]
In: Housing 101
27 Aug 2009Home affordability has never been better. The combination of low home prices and mortgage interest rates has created the prefect time to buy. Such a combination has also created exciting loan options that provide both buying power and safety for the home buyer.   When financing a new home purchase most buyers consider a fixed rate mortgage. While the fixed rate [...]
In: Housing 101
10 Aug 2009Over the past decade, construction methods and residential building codes have advanced to make new homes more energy efficient than homes built in the past.  Today’s new homes take advantage of numerous advancements in construction technology. Such advancements include: Better insulation High-efficiency furnaces and air conditioners Insulated glass windows Advanced caulking and weather-stripping throughout construction Energy efficient appliances Whole [...]
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