The Federal Housing Administration (FHA) informed lenders that it's going to start flagging more high-risk loans. Those mortgages, most of which are extended to borrowers with low credit scores and high loan payments in accordance with incomes, will undergo a more rigorous manual underwriting ... » Learn More about FHA clamps down
Advice
Housing Market Will Be This Spring?
Real estate pros often anxiously await for the spring selling season, a period recognized for an uptick in home sales. But will spring be as hot for the housing market in 2019 as it has been in the past? Ever since the end of 2018, home sales have slowed (a decline of 10% in December when compared ... » Learn More about Housing Market Will Be This Spring?
The end-of-2018 mortgage predictions
Less than 6 months ago, mortgage rates marched above 5% - the first time in seven years - and for weeks showed no indications of abating. It had been a tipping point for house hunters. Beaten down by rising prices, meager housing choices and bidding wars, they saw rates as one more obstacle and ... » Learn More about The end-of-2018 mortgage predictions
FEMA flood insurance policy update
The Federal Emergency Management Agency (FEMA) is working on a plan to update and extend the National Flood Insurance Program (NFIP), which Congress may or may not go along with as it considers new flood insurance policy. The proposal could affect the way NFIP calculates the rates for homeowners, ... » Learn More about FEMA flood insurance policy update
Self-Care
This week we continue our series with step four which is self-care. Nourish your body, mind, and spirit; set clear boundaries and be your own best friend and advocate. Wow, this is a hard one sometimes. We take care of others but don’t always take the time to take care of ourselves. Your body needs ... » Learn More about Self-Care