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Financial Services

Are tightening FHA Underwriting Guidelines going to make it harder to buy?

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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It’s all about the Timing…Understanding Lender Turn Times

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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