Jeff McLaughlin – After A Short Sale Can I Buy A Home? – The Mortgage Advantage

themortgageadvantage.com Question: My Client sold his home with a short sale and now wants to purchase another home. What are the options? Answer: Fannie Mae or conventional loans up to $417000 has finally addressed the issue of buying after a short sale. The following guidelines are effective after July 1, 2010: • Two year wait [...]

Mid-Day Update: Stocks Down, But Off Lows After Disappointing Employment Data

Mid-Day Update: Stocks Down, But Off Lows After Disappointing Employment Data
Here’s where markets stand at mid-day: -NYSE down 98.72 (-1.16%) to 8,377.41 -DJIA down 115.76 (-0.91%) to 12,603.73 -S&P 500 down 15.68 (-1.16%) to 1,337.54 -Nasdaq down
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Sterling at 2-wk high vs euro after UK housing data

Sterling at 2-wk high vs euro after UK housing data
* Sterling at 2-wk high vs euro after firmer UK housing data * Pound helped as markets look for BoE rate hike in May * Contrast with less hawkish ECB weighs on euro/sterling * John Lewis reports another …
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Reverse Mortgage Loans Secures Life After Retirement

Reverse Mortgage Loans Secures Life After Retirement

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Monitoring borrowers after closing

Monitoring borrowers after closing
WASHINGTON — The day is coming when lenders will no longer turn their clients loose after they leave the closing table, never to be heard from again unless someone misses a payment or two.
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Mortgage rates drop after fed program

Mortgage rates drop after fed program
New York — Rates on fixed mortgages dropped to their lowest levels in decades last week after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth.
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Mortgage costs to rise after new bank rules

Mortgage costs to rise after new bank rules
New rules to prevent a rerun of the 2008 credit crunch will mean higher costs for mortgages and other personal loans, UK bankers warned today.
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Mortgage applications rise 9 percent after rates fall

Mortgage applications rise 9 percent after rates fall
Applications for mortgages rose last week as consumers refinanced their loans at the lowest rates in more than 40 years. Overall applications increased nearly 9 percent from a week earlier, the Mortgage Bankers Association said Wednesday.
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refinanced and put paid 3100 upfront mortgage insurance in the loan. Can i recover this after paying 20%?

I’m refinancing and i recovered 65% of upfront mortgage insurance from original loan, but now must pay it again for new loan. Can i recover this after paying 20% of the loan amount? Thanks.

Consumer rights: Must I pay tax on sale of marital home after split?

Consumer rights: Must I pay tax on sale of marital home after split?
My wife and I separated at the beginning of 2008 and I moved into a small flat I had before we got married. We put our house on the market two years ago and it’s taken until last week to sell.
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