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01/25/2010 12:38 PM

New 2010 FHA Policy Change

1. Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending   * The first step will be to raise the up-front MIP by 50 bps to 2.25% and request legislative  authority to increase the maximum annual MIP that the FHA can charge.   * If this authority is granted, then [...]

11/23/2009 09:20 AM

Hardest Hit Areas

Came across this graphic the other day. It reminds be of an outbreak map for some new virus. In fact, it sort of is. The infection is foreclosures. The cure. Jobs!

11/01/2009 08:29 PM

Phoenix Area Short Sale Snapshot for October 2009

10.16.2009 The total Short Sale properties listed on the ARMLS available for sale was 7764. 10.19.2009 The total Short Sale properties listed on the ARMLS available for sale was 7905. 10.20.2009 The total Short Sale properties listed on the ARMLS available for sale was 8006. 10.21.2009 The total Short Sale properties listed on the ARMLS available for sale was [...]

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