97% Financing - Fannie Mae Releases Selling Guide 1.27.15 Fannie Mae released its updated version of the Selling Guide on January 27, 2015. The majority of the changes stem from its earlier announcement to reintroduce 97% financing for single-family homes. It had previously capped the loan-to-v...

01/28/2015

What Does Undivided Ownership Interest Mean?

15 Comments

What Does Undivided Ownership Interest Mean? Probably one of the most distinct features of condominium ownership lies in the concept of “undivided ownership interest” of the common elements. All unit owners as members of the condominium’s association share ownership of the common elements. First...

01/22/2015

FHA Announces Reduction in Monthly Mortgage Insurance

5 Comments

FHA Announces Reduction in Monthly Mortgage Insurance On Friday, December 9, 2015, HUD released Mortgagee Letter 15-01 which announced a 0.50% (50 bps) reduction of the FHA monthly mortgage insurance on most forward mortgages with terms greater than 15 years. This comes on the heels of months of...

01/13/2015