The Fha mortgage loan limits have been raised across the country. In Arizona, Maricopa County went from just over $270,000 to over $346,000. This should more people be able to buy more expensive properties. We need to reduce the real estate inventory if we are ever going to stabilize housing prices. Too much supply and not enough demand. I think the next step is to raise the conforming loan limits as well as allow people who have a good payment history to refinance even if they are upside down. Obama seriously needs to take a look at this as well as bringing back some of the down payment assistance programs like Nehemiah or Ameridream.
What is Nehemiah?
Friday, February 27, 2009
Tuesday, February 3, 2009
IndyMac Loan Modifications
What loans are eligible for loan modifications with IndyMac? The streamlined loan mods will be available to borrowers who have a first mortgage owned or securitized and serviced by IndyMac that are facing foreclosure. You must have a primary residence to be eligible. Second homes and investment properties are not eligible for a mortgage modification with IndyMac.
Loan Modification Information
Loan Modification Information
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