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Channel: Government Mortgage Financing Programs News – About Government Refinance and Home Purchase Programs
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The FHA shortens waiting period after bankruptcy or foreclosure to one year

The FHA announced yesterday that it will shorten the waiting period requirements for borrowers who declared bankruptcy or lost a home to foreclosure or a short sale. This is big news for borrowers who...

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Cash out refinances making a comeback

For the few years following the housing market crash in 2007 cash out refinances became a rarity. First, the number of homeowners with enough equity to get cash out dropped dramatically. Second,...

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Steadily rising home values good for home buyers and sellers

Home values have been rising steadily in most U.S. markets for the last 1-2 years. While rising home prices are obviously good for folks looking to refinance or sell their homes, steadily increasing...

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Potentially good news on mortgage interest rates

A new jobs report came out this morning and it revealed that the economy added fewer jobs in August than expected. While that is not good news overall it may prove to be useful to mortgage interest...

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New mortgage rules coming January of 2014

The federal government is enacting several new mortgage rules starting in January of 2014. Many of the new regulations will not be discernible to borrowers, like changes to the good faith estimate...

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Mortgage interest rates drop on news that the Fed is keeping the pedal to the...

The financial world was certain that the Federal Reserve would announce that it will begin tapering the $85 billion per month it is pouring in to the US economy. But the Fed had other plans. The...

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How will the government shut down affect government mortgages?

The federal government officially shut down on October 1st after congressional leaders failed to come to a budget agreement. One question on the minds of many Americans is how will this shut down...

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Mortgage interest rates continue to improve

In the wake of the Fed’s decision to continue pouring $85 billion per month into the economy until further notice, yields on US treasuries have been dropping, and mortgage interest rates have been...

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Is the government shut down helping mortgage interest rates?

As we discussed recently, the government shut down could potentially slow the flow of government-backed mortgages due to lack of manpower at the FHA and VA. But one week in to the shut down mortgage...

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Rates immediately drop as government shutdown ends

The federal government ended its shutdown last night and the immediate impact on mortgage interest rates has been positive. Investors rushed into buying US treasury bonds again as the threat of a...

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Why getting a new mortgage before the end of 2013 is a good idea

There are new mortgage rules coming in January of 2014 that will make getting a government-backed mortgage more difficult. While there are several rule changes on tap, the one that will affect...

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Jumbo loans and 15 year mortgages gain popularity

Recent reports have shown an uptick in the number of “jumbo” mortgage refinances and refinances into 15 year mortgages rather than the more traditional 30 year term. Advantages of 15 year mortgages...

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Low mortgage interest rates persist

Despite the federal government shutdown that recently ended, mortgage interest rates remain extremely low by historical measures. The dip we saw in mortgage interest rates in September and again in...

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Housing prices keep increasing — opens mortgage options

Recent reports have shown that the values of homes in nearly all U.S. markets continue to increase. In some hard hit markets values are up more than 50% over the lows they hit in recent years. In most...

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Cash out refinances making a comeback

As housing values all across the country increase, the opportunities to get cash out refinances are increasing too. For homeowners with substantial equity in their homes there are numerous reasons to...

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Interest rate hike postponed

There was good news this week from the new director of the Federal Housing Finance Agency (FHFA), Mel Watt. Fannie Mae and Freddie Mac were schedule raise their fees at the start of 2014 and those fee...

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New “Qualified Mortgage” Regulations Set To Start

As we enter 2014 we also enter a new phase of mortgage regulations. Several new rules designed to prevent another housing bubble from emerging are set to take effect this week. For borrowers, the new...

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Can You Buy a Home With No Money Down?

Can you buy a home with no money down in 2014? The simple answer is, yes. However there are caveats. See our Home Purchase page here for an overview of the various government home purchase programs....

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Bad News for the Stock Market is Good News for Mortgage Rates

After a long march upward, the US stock market has been taking a beating in the last week or so. The Dow Jones Industrial Average is down nearly 800 points for its high point at the end of December....

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Many Americans Leaving Money On The Table By Not Refinancing

There was an interesting segment that aired on Yahoo Finance recently. The basic point was that there are many Americans who have never refinanced at all and as a result are paying too much in interest...

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