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Mortgage and Lending - Reed Mortgage Group - 278757
Mortgages, Industry News, Rates, Economic news and trends, Mortgage Financing, Bond News, Mortgage Trends, Mortgage Crisis, Foreclosures, Mortgage News, Mortgage Planning, Mortgage Planner
RECENT BLOG POSTS
FHA Policy Changes Announced January 20, 2010     1. Mortgage insurance premium (MIP) increase and adjustments to upfront/annual MIP relationship   * Raise upfront MIP by 50bps to 2.25%   * Policy change through Mortgagee Letter - effective in spring April 5, 2010   o Pursue legislative authorit...
01/22/2010
Here is the latest from FHA. The implementation of FHA's new policy for the number of condo units that can be financed using FHA mortgage and for project approvals limitations is being delayed until Dec 7th, 2009. FHA will be coming out with the "revised" rules in the next couple of weeks but we ...
11/03/2009
This is not a Halloween joke and yes it is just the hard cold reality that we do live in a very scary industry right now. As of this morning, one of the largest investors in mortgage back securities, is now requiring a 640 FICO score on all FHA loans. This will more than likely trickle down to th...
10/30/2009
I would like to update you on what is happening out of Washington on the following:  Status of Tax Credit:  Things are looking good!   While a final deal was not reached over the last couple of days, there are some encouraging signs that a deal is very likely.  It seems to be more a question of "...
10/28/2009
I wanted to provide you with an update on what is happening in the mortgage industry. Please read through this completely as this DOES and WILL affect current and future business. Don't let ANYONE say, "I am going to wait and see if I can get a better deal" because chances are they will have a mo...
10/21/2009
This is a letter I wrote to the Federal Reserve in response to them discussing changes recommended from our elected officals in Washington, called R1366. This new proposal eliminates what is known as Service Release Premiums (SRPs) to mortgage lenders when origianting new mortgages. SRPs are trad...
10/05/2009
The most recent developments economically and financially came out of Washington lately as VP Joe Biden commented over the weekend that our administration miscalculated how bad the jobless problem would be (our unemployment rate is over 10% and the effective rate is closer to 13-15%). This is cau...
07/07/2009
So many changes in our market place over the last couple of months has made me announce a few changes coming our way. First, the biggest news as of today, is the Financial Accounting Standards Board (FASB) voted favorably to relax mark-to-market accounting principals to help financial institution...
04/02/2009
FHA increases the loan limits for the Denver-metro area to $406,250! This is an incredible opportunity for all of us to increase sales activity by allowing those with a low down, better than conventional interest rates, and the lowest monthly mortgage insurance option for those who wish to become...
02/25/2009
Mortgage Economic Update 02-10-2009  Big news...the Senate just passed the stimulus package today.  Stay tuned for  more updates on how this will effect our markets.  We are also expecting to hear from Secretary of Treasury, Tim Geithner, who will reveal proposals for spending on the remaining TA...
02/10/2009
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Randy Reed

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Mortgages, Industry News, Rates, Economic news and trends, Mortgage Financing, Bond News, Mortgage, Mortgage Trends, Mortgage Crisis, Foreclosures, Mortgage News, Mortgage Planning, Certified Mortgage Planner