Category: Financing

Upcoming HARP 2 Expanded Guidelines

I saw a great blog post today by Rhonda Porter (a local Mortgage Broker who is a prominent blogger) that gives a detailed outline on what to expect in the upcoming Expanded HARP 2 guidelines. Harp stands for the Home Affordable Refinance Program that was released by the Department of Treasury and the Department of …

HUD Secretary Announces Monetization of Tax Credit for FHA Loans

Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, announced today that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. He made these remarks in an address this morning at The Real Estate Summit: Advancing the U.S. …