Monthly Archives: July 2011

Friday Facts July 22, 2011

FRIDAY FACTS July 22, 2011   FHA has increased the 3 to 4 months of required forbearance for unemployed borrowers to 12 months.   Fannie Mae is now allowing cash purchasers of property to obtain mortgages without the previous requirement … Continue reading

Posted in Uncategorized | Leave a comment

Friday Facts July 15, 2011

  July 15, 2011  Lenders denied 26.8% of all loan applications in 2010, up from 23.5% in 2009 Nationally, NAR reports that pending home sales in May rose 8.2% month to month and 13.4% year to year.  In the Northeast, … Continue reading

Posted in Uncategorized | Leave a comment