FHA Announces New Lower Mortgage Premiums By: Matthew Graham Wed, Feb 22 2023, 2:14 PM Earlier this morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD Secretary Marcia Fudge made the announcement today at Bowie State University. […]
FHA Want to Improve Its 203(k) Rehabilitation Loan FEBRUARY 15, 2023 By Kerry Smith FHA wants to hear from the public on ways to improve its Single Family 203(k) Rehabilitation Mortgage that rolls home upgrade costs into a buyer’s first mortgage. WASHINGTON – The Federal Housing Administration (FHA) published a Request for Information (RFI) in the Federal Register seeking public comments on […]
December’s sales of existing homes weakened by 34.0% from December 2021, marking eleven consecutive months of home sales declines. January 24, 2023 Economists’ Outlook By: Michael Hyman
by Hazel Siff Pickleball is one of the fastest-growing sports in the U.S. and, within the past few years, has emerged as a new, popular amenity in community associations. It’s also become a growing source of conflict. According to a recent article in The Wall Street Journal, communities are dealing with noise complaints, competition for court time, and lawsuits over the game […]
Homeowners insurance covers loss or damage (from fire, vandalism, or other natural causes) to your home, other structures on your property, or personal property kept in your home. It also provides coverage for loss of use, liability, and medical expenses for accidents that occur on your property. Title insurance protects you or a lender against financial loss from real estate […]