Mortgage rates have been hitting record lows for the past few months, but that has not increased the rate of home sales around the nation. Why is that? There are many factors that are obstructing home sales, including bad credit, low income, and the tougher
In times when ‘For Sale’ boards and foreclosed homes are rampant, one often thinks of the expression ‘one rotten apple spoils the whole barrel’. Is it really true in the case of housing market? Well, according to a study conducted by economists from MIT and
So the go green trend has caught up with the Internal Revenue Service (IRS) and the Federal Housing Administration (FHA). They are going paperless by implementing electronic signatures on income tax forms.What do you think? Will it bring security and ease?
In this day and age when everybody is on a quest to go paperless, the Internal Revenue Service (IRS) and the Federal Housing Administration (FHA) have been working together to implement e-signatures in the mortgage world. A part of this venture was a successful pilot
If you own a mortgage or are thinking of taking one, then the new changes in the Dodd-Frank ACT will be of interest to you. As of August 15th, 2012, the Federal Reserve and five other financial regulatory agencies have proposed a new appraisal requirement