Mortgage Underwriting News from Joan Ewing

Friday, June 18, 2010 - 1:35pm

Hello Everybody – Hope everyone is staying busy. In my hunt for a topic every week, sometimes it is easy and other times, I haven’t a clue what I will write about until the last minute. This week was one of those last minute thoughts – so I hope this blog is helpful. This week, I have decided to cover completing a basic Mortgage Application – 1003. While this may seem elementary, I find those...

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Shipping Containers Used for Housing

Friday, June 11, 2010 - 1:59pm

Hello everybody – This week’s blog is going to be a little different, while it is very interesting, it is not exactly relating to FHA financing – although perhaps we will see FHA finance these types of housing someday. I found a very interesting article regarding shipping containers on the USA Today website. I am sure everyone is familiar with the large tractor trailer boxes that travel on the...

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First time Homebuyers - preparing for the American Dream

Thursday, June 3, 2010 - 3:09pm

Hello Everybody - While I was thinking of a topic for this week’s blog, I could not dismiss in my mind the news reports of how many foreclosed homes are being sold at rock bottom prices. I think it is an absolute tragedy that so many people are losing their homes. And their lender could not help them save their home in the wake of all the stimulus money that has been poured into the system....

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FHA’S Reverse Mortgages for Seniors – Part 2 of 2

Friday, May 28, 2010 - 10:12am

Hello All – Last week I covered the basic guidelines for the HECMs (Home Equity Conversion Mortgage). As outlined the guidelines are very basic since there is no credit qualifying; and could make an excellent source of additional income for seniors on fixed income. However, there are many questions that seniors as well as their heirs need answered before deciding to commit to the HECM. First, I...

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