Wisdom & Wit

On Tuesday, Jan 11, the Fremont City Council voted to join the California FIRST financing program. As reported in last week's issue, California FIRST is a voluntary program that provide loans to homeowners to finance energy efficiency upgrades. The loans are repaid through a special property tax...

On Friday, Jan. 15 NAR sources in Washington D.C. indicated that FHA is about to announce the following changes to its purchase finance programs. Borrower Issues: Borrowers will be unable to finance upfront premiums; Seller concessions will be reduced from 6% to, possibly, 3%; Borrowers must have...