Expect to hear from the Federal Housing Administration (FHA) today, regarding rate and fee increases associated with obtaining FHA insured mortgages. According to a Wall Street Journal article, the increased borrower fees are necessary to avoid the future need for an FHA bailout. In recent years, FHA insured mortgages made up about 5% of all . . . → Read More: The Cost to Obtain FHA Mortgages Expected To Increase
According to a January 15th HUD press release, the rule requiring sellers to hold title to real property for at least 90 days prior to sale (also known as title seasoning) has been temporarily waived, with very strict guidelines and conditions. This temporary waiver has tremendous positive implications for Gwinnett real estate and home values.
. . . → Read More: Will FHA Announcement Bring About Quicker Sale Of Foreclosed Properties?