People have been asking, so here are the details of the extended tax credit: When is the new deadline? -April 30, 2010 -If a written, binding contract to purchase a home is in effect on […]
Category: Other Stuff
Raising of FHA Guidelines for Spring 2010
HUD.gov January 20, 2010 the Federal Housing Administration (FHA) announced the following changes coming this spring to FHA loans: *Upfront mortgage insurance premium (MIP) raised from 1.75% to 2.25% *Borrowers with FICO scores below 580 […]
The End of Seller Financing – HB 10
TREC Legal Update Course & Text On January 19th, 2010, we attended a TREC legal update course which informed us HB 10 – New Registration for Mortgage Originators – Texas Secure and Fair Enforcement for Mortgage […]
HUD Policy Helps Quicker Foreclosure Sales
Ann McKinley NMLS#200305, Network Funding HUD has temporarily waived the rule on FHA loans that prohibits insuring mortgages on homes which the seller has owned less than 90 days. Previously this requirement has both prevented […]
Austin Energy Ranks 2nd in the Nation
IDC Energy Insights and Intelligent Utility magazine published the top 25 intelligent utilities based on productivity, renewable energy, smart initiatives, energy efficiency, and Information Technology investment. Austin Energy came in second in the nation. The […]
Forbes Ranks Austin in Top Cities to Earn a Living
Source: Forbes, Francesca Levy, 9.30.09 In determining the top cities to earn a living, Forbes magazine considered a number of key factors including: low cost of living, job growth, premium commercial environment, and home to […]
Protesting Your Property Taxes
Confused about protesting your Texas property taxes? Here’s the basics of the process: All property must be valued and taxed fairly and uniformly. If you are over-appraised, or the assessed value on your homestead has […]
Austin Ranks #1 For Job Growth
Michael Shires, associate professor in public policy at Pepperdine University, and Joel Kotkin, Presidential Fellow and director of the Urban Futures Program at Chapman University, have spent the past five years compiling lists of the […]
Texas Ranked #1: Fastest Growing Counties
According to the Austin Business Journal, the U.S. Census report found ten Texas counties among the top 25 fastest-growing in the country. As a state, that puts Texas in the number one position above California […]
Stone House Vineyard: Yoga & Champagne Brunch
Sunday, April 5th, at 10 am, Stone House Vineyard is offering a Yoga and Champagne Brunch. Taught by Leaping for Life Fitness Studio, the one-hour long outdoor yoga session is followed by a champagne brunch on the vineyard’s terrace. Relax, take […]
New FHA Appraisal Rules
Revised federal guidelines require that all FHA appraisals done after April 1, 2009 provide: 1. The Market Conditions Addendum (Fannie Form 1004MC/Freddie Form 71). 2. At least 2 comparable sales within 90 days of appraisal […]
Increase in Austin Area Foreclosures
The Austin American Statesmen reported 610 homes up for auction in Travis County (up 79% from April 2008) and 377 in Williamson County (up 103%). In fact Travis’ have exceeded 400 for the past 8 months and Williamson’s […]
