Archive for September, 2013

Don’t Panic! Government Shutdown Will NOT Stop FHA and VA Mortgages or Derail Housing Recovery

Monday, September 30th, 2013

is a mortgage rates news and home loans post from:

is a mortgage rates news and home loans post from:

If you’re looking at buying or refinancing a home and you need a VA,

USDA or FHA mortgage, the looming government shutdown looks pretty scary. Headlines all over the Internet are screaming that borrowers won’t be able to get government loans during the shutdown and that this could send the housing recovery right into some giant toilet. Even reputable sites like CNNMoney have missed the mark, and here’s why.

Most HUD and VA Functions Are Automated

Yes, HUD says that during the shutdown, only 3.8 percent of its 9,500 employees will continue to work. This has lead many to conclude that FHA won’t be able to underwrite loans, or at least, not many loans. And that’s probably true — the thing is, … New york city’s asian https://www.essaysreasy.online/ students trace their birth or ancestry to more than 20 countries, with bangladesh, china, india, and pakistan accounting for the largest portions

Florida Foreclosures Drop to No. 2 Nationally

Monday, September 30th, 2013

For a long time, Florida was king of foreclosures, holding steady at the unenviable No. 1 spot as the state with the highest rate of filings in the country.

Now, the crown goes to Nevada – at least for the month of August.

That month, one out of every 383 Florida residences received some type of foreclosure filing. With a total of 23,372 foreclosures in Florida, filings were down

14 percent from July and 15 percent from this time last year, according to data firm RealtyTrac.

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