Hojin’s Southwest Orlando Real Estate Scoop

FHA recently announced some changes to it’s program that will be in effect in the coming months. Among the changes are a higher Mortgage Insurance Premium of 2.25% effective April 2010 which is a .5% increase, a requirement for a higher minimum FICO or credit score to 580, reduced the seller concessions to 3% from [...]

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The University of Central Florida’s Institute for Economice Competitiveness recently released their quarterly forecast which surprisingly reveals some promising facts about the housing market. They predict a bottom to the housing market in the second quarter of 2009. Amazingly, housing starts are 87% below the peak levels we experienced just a few years ago. They [...]

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I got an email about Chinese drywall from my boss today and at first, I deleted it thinking the Chinese are making everything these days. It seems like everything I own from the cheap tools I got at Wal Mart to my Nike shoes seems to be coming out of this place. So when I [...]

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A Guest Post by Betty Parker of Your Ultimate Finance Destination blog

FHA loans or Federal Housing Administration loans are the simplest forms of mortgage loans for buying real properties. Among all mortgage loans, the eligibility criteria for an FHA loan are the easiest and necessitate lower than 5% down payment.
The FHA loans are totally backed [...]

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I spent the past week in a real estate investing class in order to fulfill my post licensing education requirement for my broker’s license and learned quite a bit. There were real estate professionals specializing in numerous different fields and we all had one thing common, our business is way down.
The stuff in the textbook [...]

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I’m gonna get a little boring and political today. I ran across this article in the Chicago Tribune by economics professor Casey Mulligan at the University of Chicago that made a light bulb go off in my head…   the freakin US Treasury and Bernake are proposing a wacky welfare program as a solution to the [...]

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Watch CBS Videos Online
With all the talk about the bailout plan being debated in Congress, I’ve heard all kinds of reasons why people think the market is failing. I’ve heard it’s because of Fannie Mae, shady mortgage lenders, stupid consumers that can’t comprehend that their payments will go up eventually on interest only loans, President [...]

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I’m sure you’ve heard that the government is taking over Fannie Mae and Freddie Mac. We all learned during the Great Depression of how much the stability of financial markets affects us all, so I can see why they decided to step in. I just can’t help but be a little ticked off that we’re [...]

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Paul Bishop, economist for the National Association of Realtors, was recently interviewed by the Wall Street Journal about the impact of the housing bill just signed by President Bush and appeared pretty positive in the interview.
He says the new bill will bring stability to Fannie Mae and Freddie Mac which is quite important in my [...]

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