Fairway Independent Mortgage Corporation Blog

Foreclosure Homes Looking to Be Sold As Rentals

Posted by:  Fairway Independent Mortgage Corporation
2012-03-14 07:31:54

The Impact on REO Properties Being Purchased and Used as Rentals There has been much talk about the government selling bulk foreclosures which will be converted into rentals. What will this actually mean to the housing market? For the answer to that question, we go directly to the 2/28/2012 S...[read more...]

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Upfront and Annual Mortgage Insurance Premiums for FHA

Posted by:  Fairway Independent Mortgage Corporation
2012-03-09 08:23:33

Collections Mortgagee Letter 2012-3 provides greater clarity to Mortgage professionals and clients when dealing with questions regarding credit.  These changes take effect on loans on or after April 1, 2012.  The major change is that generally speaking if the collections are over $...[read more...]

Categories:   fha


HUD Increases Costs Effective April

Posted by:  Fairway Independent Mortgage Corporation
2012-03-05 12:03:48

HUD Increases Costs Effective April In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increases in the premiums they charge borrowers. Simply stated, the cost of borrowing is going up. FH...[read more...]

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