Rozek's Ruminations

Memorial Day Tribute to Wounded Warriors 5/27/12 in The Plains, VA Embrace Home Loans is proud to be a sponsor of the Memorial Day Tribute to Wounded Warriors on Sunday, May 27, 2012 in The Plains, Virginia. We're hoping to help raise $1,000,000.00 to help support our Wounded Warriors. Come enjoy...

FHA to raise Upfront and Monthly Mortgage insurance rates as of April 1. Monday, FHA announced that they would raise their Upfront Mortgage Insurance rate by 1% to 1.75% and their monthly mortgage insurance rates by 0.10 for case numbers after April 1, 2012.  In addition, for loan amounts from $6...

VA Lowers Guaranty Limits in High Cost Counties for 2012 The VA lowered the maximum amount they will guarantee from 25% of as much as $1,094,625 to 25% of a maximum of $625,500 for all counties considered "high cost" for 2012.  The VA does not limit the size of the loan for eligible veterans, but...

FHA's Holiday Gift to Investors and Home Buyers In an effort to stabilize home values, the FHA announced the extension their anti-flipping regulations until December 31, 2012 in FHA press release No. 11-292.  This is great news for legitimate investors and home buyers.  Normally the FHA prohibits...

Bill Rozek presents Embrace Home Loans' Donation of $2500 to Beethoven Found's "Tribute to Wounded Warriors." Bill nominated Beethoven Found's Memorial Day "Tribute to the Wounded Warrior" as the Charity of Choice in Embrace's ongoing Competition between Embrace's Retail and Direct Divisions.  Th...

Please have a safe and happy 4th of July.

Uncommon Common Sense from FHA regarding Consumer's Disputed Credit FHA has issued new guidance to the Homeownership Centers on the treatment of borrowers with disputed accounts on their credit reports. For FHA loans the dispute status does not need to be removed if the account is any one of the ...

Phone Carriers Offering Free Calls & Texts to Japan Many carriers, including Verizon, Sprint, AT&T, Comcast, Cox, MetroPCS, Time Warner Cable, T-Mobile, ChatTime (iphone app) and others have announced that calls and/or texts to Japan will be free on their services. Most are through the end of Mar...

Our thoughts and prayers go out to the people of Japan and all of those impacted by the Earthquake and Tsunami.  If you wish to help, the Red Cross is a first responder in disasters such as this with humanitarian aid.  Visit their website for more information on how you can help.

Breaking News - the Veteran's Administration has raised their loan limits for calculating the maximum VA guarantee amount for many counties throughout the country including many in the Maryland, DC, Virginia areas! The Veteran's administration has raised their loan limits approximately $25,000.00...