by countyproperties | Jan 13, 2011 | Finance, Latest News
Reminder….. Home Buyer Tax Credit for Veterans good until 2011 The Federal Home buyer Tax Credit is still available for qualified Veterans A Veteran (and, if married, the individual’s spouse) that was deployed out of the country for a minimum of 90 days...
by countyproperties | Dec 28, 2010 | Current Affairs, Finance, Latest News
Wells Fargo reached an agreement with the state of California to make mortgage modifications valued as much as $2.4 billion on risky mortgages, mortgages that let the borrower decide how much they would pay each month , which is called an option ARMs. Many borrowers...
by countyproperties | Nov 4, 2010 | Current Affairs, Finance
Discount points are fees paid to a lender to purchase a lower interest rate. Also known as a rate buy down. As a result, the monthly loan payment is lower for the life of the loan. One point is 1% of the loan amount. So the cost – paid at closing – for one point on a...
by countyproperties | Oct 28, 2010 | Current Affairs, Finance, Latest News
Today’s mortgage environment is unlike any we’ve seen before. Lenders and mortgage insurers have rewritten the rules of what it takes for consumers to acquire a mortgage. There have been modifications to existing mortgage programs, plus the creation of...
by countyproperties | Oct 21, 2010 | Current Affairs, Finance
Builder confidence in the market for newly built, single-family homes rose three points to 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, released today. This was the first improvement registered by the HMI in five...
by countyproperties | Oct 18, 2010 | Current Affairs, Finance, Latest News
On Oct. 1, B of A stopped foreclosure proceedings in 23 states, where employees signed foreclosure affidavits without verifying documentation or having a notary present. A week later the bank announced they would be suspending foreclosures in all 50 states. Now Bank...
