RECENT BLOG POSTS
In the Alphabet Soup of Lending: Fannie, Freddie, FHA…just a quick reminder for the buyers of attached properties – townhomes and condos. First of all…along with the cavalcade of foreclosures, lenders would find the inside of units had been destroyed and would not have any recourse to assist wit...
07/18/2011
Before “Too Big to Fail” became a cringe-inducing colloquialism, we had “armor that cracked” and the “mighty that fell”. Do we now have a front row seat for The Fall of the Roman (FHA) Empire? FHA Loans were once the best game in town. If you had less than 20% to put down, FHA was your man. But n...
07/11/2011
The caveat “Buyer Beware” just doesn’t get old. While this message is not a paid endorsement by the National Association of Realtors; proper representation in lease to own and any other home buying/selling transactions will serve you best and keep you from the clutches of the “gotchas”! Case in ...
07/02/2011
And now for a journey down what I am just calling Ridiculous Road this week. Although mortgage lenders and just about everyone else relies on technology of some sort to do their job; we are not ourselves machines and we can make mistakes. OK -- but what happened to just doing your job as a plain...
06/01/2011
The Beatles would say "Money Can't Buy Me Love" and Fannie Mae would say "A Great Credit Score Can't Buy You a Home Unless You Grease Our Palm". I mean where does it stop? Now a home buyer with a credit score of 740 or better needs to pony up a 25% down payment to be off the hook? (I guess a 20% ...
04/21/2011
As a Florida mortgage banker, one of the debates that rage between two first time home buyers is whether or not it is cheaper to rent than to own a home. We hear it -- all the time. While we know that it is typically cheaper to own, (after all, we're in the numbers game!) we still like to periodi...
04/04/2011
Say what you want about the Florida real estate market, but from where I sit, these are some really good days. They are typically enjoyed when everyone does his or her job and delivers whatever paperwork or proof that's their responsibility to deliver so the gears remain greased and the show goes...
03/22/2011
Well, they're at it again...cue the clowns. The FHA has once again increased their premium - yes, for the second time in 6 months, the FHA's mortgage insurance costs are changing. While the effective date is April 18th - I just need to clear up some confusion: this actually means that you have to...
03/15/2011
Nothing wrong with learning lessons, some of them just come at a tremendous cost...like $13.6 billion. The FHA's annual independent financial report spouts all sorts of happy statements like "it is stronger today than it was last year" and about how the "FHA's capital reserves held steady" and st...
01/20/2011
As you can imagine, I monitor all sorts of financial charts, graphs, and stats as they relate to mortgage rates and the impact they will have on my clients. And sometimes you read new data that sends a Starbucks Mocha Grande size surge through your veins...that's when you see a big number on a li...
01/18/2011
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Brian P. Forrester

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