From the monthly archives: February 2012

On July 15, 2010 (75 FR 41217), HUD issued a notice seeking comment on three initiatives that HUD proposed would contribute to the restoration of the Mutual Mortgage Insurance Fund (MMIF) capital reserve account. On September 3, 2010 (75 FR 54020), HUD published a follow-up final rule implementing the proposal to introduce a minimum credit […]

Continue Reading

Up to the minute communication from AVP – Business Development/Branch Manager of MCS Mortgage Bankers, Inc., Albert Rapoport explains FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount.  Upfront premiums (UFMIP) will also increase by 0.75 percent (from 1% of […]

Continue Reading

How are mortgage liens treated in New Jersey?

New Jersey is known as a lien theory state where the property acts as security for the underlying loan. The document that places the lien on the property is called a mortgage.

How are New Jersey mortgages foreclosed?

In New Jersey, the lenders go […]

Continue Reading

According to Fannie Mae’s most recent monthly survey, the upward trend in housing market sentiment has continued. Respondents in its January survey believe home prices will rise by 1 percent over the next year, an improvement over the 0.8 percent gain predicted in December. Additionally, 44 percent of those responding to Fannie Mae’s survey […]

Continue Reading

So you or someone you know is thinking about buying their first home? What an awesome milestone to reached! While I’m sure you’ve got big dreams and even bigger opinions about what you want in your first home, the first step to buying is to finding out just how […]

Continue Reading

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!

Visit our friends!

A few highly recommended friends...