Effective January1st, 2009, first time home buyers who have lower credit scores or are looking at a loan taylored for low or moderate income buyers, will need to receiving home ownership counciling. While Fannie Mae already requires pre-purchase counceling for borrowers purchasing a 2 or 4 unit property using a MyCommunityMortgage loan, this new requirement [...]
Posts Tagged ‘sub-prime mortgage’
Fannie Mae to Require Counceling to Borrowers
Posted in Beaverton Oregon homes for sale, Beaverton Real Estate, Beaverton Real Estate For Sale, Homes for sale in Beaverton Oregon, Steve Schwab, Steve Schwab Group, The Steve Schwab Group, Washington County, real estate, www.SteveSchwabGroup.com, tagged budget, budgeting, counceling for borrowers, credit score, fannie mae, first time home buyer, first time home buyers, home ownership counceling, my community mortgage loan, MyCommunityMortgage, National Industry Standards for Homeownership Education, selecting a home, sub-prime mortgage on November 2, 2008 | Leave a Comment »
The Media and the Real Estate Market
Posted in Beaverton Oregon homes for sale, Beaverton Real Estate, Beaverton Real Estate For Sale, Homes for sale in Beaverton Oregon, Portland Oregon, Portland Oregon Real Estate Market, Real Estate Appreciation Portland Oregon, Real Estate Trends Portland Oregon, Steve Schwab, Steve Schwab Group, The Steve Schwab Group, Washington County, www.SteveSchwabGroup.com, tagged Existing Home Sales, Las Vegas, latest market statistics, Naples Florida, NAR, national news, Open House, option ARM, Portland Oregon, real estate market, sub-prime, sub-prime mortgage on January 21, 2008 | Leave a Comment »
It seems I often find myself in conversations where someone is pointing at the media claiming they are the cause of the real estate slow down. Clearly that is not the case as they are simply reporting information about the various down markets country. The cause of the slow down comes as a natural response to [...]
Steve Schwab, Principal Broker, RE/MAX Equity Group Inc.
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