Search Results for 'fha'
Toxic Loans: The Coming Storm
It’s been a very good century for real estate, at least so far. According to the National Association of Realtors, the typical home that sold for $139,000 in 2000 was worth $208,700 in 2005. Not only have home values increased, unit volume has also grown. There were 5,152,000 existing home sales in 2000 compared with […]
What’s A Qualified Mortgage (QM)?
One of the better ideas to come out of the Dodd-Frank Wall Street Reform and Consumer Protection Act was to create something called a “qualified residential mortgage.” You want to know about such financing because most lenders offer little else. Under Wall Street reform several federal agencies have worked out a definition of the term “qualified mortgage” or […]
Virgins, Foreclosures & Auctions
We usually associate real estate auctions with foreclosures and other unhappy events, but Pam McKissick argues that auctions should have a wider role in today’s residential market. McKissick, a founder of Williams, Williams & McKissick, one of the nation’s largest auction firms, says “auction bridges the gap between buyers’ desires and sellers’ expectations. Auction is where real […]
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