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The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. . . . → Read More: The Government’s Revamped HARP Program For Underwater Homeowners  For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent. . . . → Read More: Conforming Loan Limits Drop In High-Cost Areas Mortgage guidelines appear to be tightening with the nation’s largest banks. . . . → Read More: After A Pause, Mortgage Guidelines Resume Tightening The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. “Going FHA” is more common than ever before — but is it better? . . . → Read More: Is An FHA Mortgage Better Than A Conforming One? If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent. . . . → Read More: Temporary Conforming Loan Limits Expire September 30, 2011 The Federal Reserve’s quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for prime borrowers. . . . → Read More: Mortgage Guidelines Start To Loosen At The Country’s Biggest Banks If you have an adjustable-rate mortgage that’s due to reset this season, don’t rush to refinance. For at least one more year, you can benefit from low rates and low payments. As for the next adjustment, though, that’s anyone’s guess. . . . → Read More: Conforming ARMs From 2004-2006 Are Adjusting To 3 Percent Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or 0.25%. . . . → Read More: Get Your Applications In : FHA Mortgage Insurance Premiums Rising 0.25 Percent April 18, 2011 FHA Streamline Refinance guidelines are changing. For the better. A lot more homeowners are suddenly eligible to refinance. . . . → Read More: FHA Streamline Refi Changes : No Income, No Job Required Beginning April 1, 2011, Fannie Mae is increasing its loan-level pricing adjustments. Conforming mortgage applicants should plan for higher loan costs in the months ahead. . . . → Read More: Loan Fees Set To Rise For Conforming Mortgage Applicants |
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