ARED July 19th 2010 Video Blog – Credit Tips

July 19, 2010

John and Jason discuss what’s “NEXT” and give tips to increase your credit score…

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ARED July 16th Video Blog – Short sale or Foreclosure?

July 16, 2010

John and Jason discuss the difference between a short sale and a foreclosure and tips to increase your credit score.

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ARED July 15 2010 Video Blog – Pending home sales.

July 15, 2010

John and Jason discuss pending homes sales and what it means in today’s market…

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ARED video blog for July 14th 2010 – FHA Reform Bill

July 13, 2010

John and Jason discuss how the FHA reform bill will affect home buying and why economic news is important.

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ARED Video Blog for July 13th 2010 – Tax Credit Echo Effect in Austin

July 13, 2010

Tax Credit Echo Effect?  John and Jason discuss how the expiration of the first-time homebuyer tax credit has affected different neighborhoods around town.

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Extension of Tax Credit for Homebuyers approved by House and Senate – next stop President’s signature.

July 2, 2010

The extension for the Tax Credit was approved by the House and Senate this week.  The next stop is the White House for the President’s signature.  Under the proposed extension homebuyers will have until September 30 to close on their homes.  This bill helps only those who have been under contract since April 30 and [...]

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Not so fast!! *** Senate approves home tax-credit extension

June 17, 2010

** Update** ON a point-of-order vote taken the Senate has now voted against the bill that contains the extension!  Now the Senate Finance Committee will have to rework the overall proposal before another vote is taken.  Once the Senate has finished, the House will have to take it up.  Washington insiders do believe, though, that [...]

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USDA update!!!!

June 1, 2010

This just in!!  USDA is now issuing conditional commitments.  What does this mean? Well, the good news is that we can now start once again funding USDA loans.  There has been a change in the guarantee fee that is rolled into the loan.  That fee was 2.00% and has been increased to 3.626%.  This does [...]

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Bill That Would Prohibit YSPs, NIVs Advances – Senate approves amendments to S. 3217

May 14, 2010

May 12, 2010 By MortgageDaily.com staff The U.S. Senate today voted to eliminate yield-spread premiums and no-income-verification loans. An amendment to S. 3217 approved today in the Senate would prohibit YSPs, published reports indicate. Mortgage brokers have relied on YSPs to enable lower out-of-pocket fees for their customers.  But, as subprime lenders used such payments [...]

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Hold Your Horses!!! USDA just recalled and voided their guidance from yesterday….

May 12, 2010

Just got an update from USDA about their guidance in yesterday’s bulletin!  They are recalling and voiding the guidance from yesterday.  Notice will be revised and updated within the next 24-48 hours.  One of the things that I noticed in the update

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