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Government

Short Sales and Loan Modifications: Home Affordable Foreclosure Alternatives Program (HAFA)

by Ted Canto Government

Home Affordable Foreclosure Alternatives Program (HAFA) On November 30, 2009, the Treasury Department released some exciting news and requirements for its new Home Affordable Foreclosure Alternatives Program (HAFA). As part of the Home Affordable Modification Program (HAMP), HAFA is set to assist distressed homeowners obtain pre-determined short sale agreements that will enable both buyer and seller [...]

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Arizona Mortgage Fraud: Investigated By FBI

by Justin McHood Government

FBI Investigates Mortgage Fraud Cases in Arizona Mortgage fraud seems to be a hot topic in the media lately, both right here in Arizona as well as in the national news. Because of the current housing crisis that the country is in, many people point to “mortgage fraud” as being on the main contributing factors [...]

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1% Down Payment FHA Loan – AKA National Stabilization Program

by Justin McHood Arizona Home Financing Options

I have heard from more than one local Realtor that many mortgage professionals are telling them that there is a new FHA Loan that only requires only a 1% down payment. I have good news and bad news. First the bad: FHA has not changed their guidelines recently, they still require a 3.5% down payment. [...]

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Making Home Affordable Refinance: Freddie Mac Changes Rules

by Justin McHood Government

Refinance your house under Making Home Affordable with Freddie Mac rules in place. You can now use any lender if Freddie Mac owns your mortgage when refinancing.

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New Home Buyer Tax Credit Monetization Plan: How Much Will It Cost?

by Justin McHood 8000 tax credit

Rules outlining the costs of monetizing the new home buyer tax credit. What organizations can charge and what happens if they charge too much.

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New Home Buyer 8000 Tax Credit Down Payment: Answers To Questions

by Justin McHood 8000 tax credit

8000 tax credit being used as a down payment questions and answers. How the down payment loan works and how to use tax credit for down payment or closing costs.

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Can The 8000 Tax Credit Be Used As A Down Payment?

by Justin McHood 8000 tax credit

Can you use the 8000 tax credit as a down payment for your home? Not yet. But that may change soon.

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President Obama Says It Is Time To Refinance

by Justin McHood Arizona Home Financing Options

President Obama said that it was a good time for people to refinance while rates are low. Use Zillows Mortgage Marketplace if you don’t know where to find a good loan officer.

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Home Path Mortgages: Great HomePath Mortgage Deals From Fannie Mae

by Justin McHood Arizona Home Financing Options

The Fannie Mae HomePath mortgage financing program allows people to finance their home when they buy it from Fannie Mae with very attractive financing terms. No appraisal and no mortgage insurance with only 3% down.

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Making Home Affordable Plan

by Justin McHood Arizona Home Financing Options

Earlier today, the details were released about the “Making Home Affordable” plan outlined by the Obama administration. When this plan was first announced by President Obama here in Mesa a few weeks ago, my first reaction was “let’s wait for the details“. My reaction now the “details have been released”? I don’t know. Really. I [...]

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The Homeowner Affordability and Stability Plan: My Take

by Justin McHood Government

Yesterday, President Obama announced The Homeowner Affordability and Stability Plan right here in Mesa at Dobson High School. Moments after the announcement, Fox Business asked me about my take on the announcement. To sum it up? Wait a couple of weeks, ask me again and I might have a better idea of what I think [...]

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