by Scott Schang
December 2, 2009
Loan Programs
FHA is experiencing a whole new set of challenges as the number of Governement Insured loans rises from only 3% in 2006 to almost 30% of purchases and 20% of refinances in today’s market.
It’s been reported for a couple of months now that FHA’s reserves have dipped below the two percent level, to 0.53 percent [...]
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by Scott Schang
October 12, 2009
Loan Programs
Time can be your best friend or it can be your worst enemy when you’re talking about buying a new home.
The “Time” I want to talk to you about is ”Turn Times” from your lender. The Turn Time is the amount of time, usually measured in days (sometimes hours) that it will take for your loan [...]
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