Jacksonville Real Estate Market

Jacksonville, Florida

Know the loan modification details of FHA and conventional mortgages

If you are buying a new home in Florida or if you are relocating in Florida, you need to know about the kinds of mortgage loans available in Florida. Knowing this would help you in loan modification whether it is conventional mortgage loan or an FHA loan. Read on to know about both in details.

Wells Fargo Lowers Conforming Loan Limits

The deadline for ending temporarily higher loan limits at Fannie Mae, Freddie Mac and the FHA is October 1st, but they are effectively ended now. A Wells Fargo spokesman confirms, “August 15th was the deadline for applications and rate locks for FHA an…

Even Short-Term FHA Shutdown Will Hit Housing

I was hoping not to have to write this particular piece, but it seems I may have no choice, so here we go with housing. What happens to today’s housing market without FHA loans?

Banks To Begin Flooding The REO Market

As of this morning’s financial news, we can expect the banks to begin to open the flood gates on their massive hoards of bank owned assets – REO’s ! This is great news for all real estate investors who have been waiting for this opportunity. The hold up has been the recent snags encountered with […]

FHA Commissioner: GSE’s Considering Principal Forgiveness in Short Refi’s

Let the principal reduction begin.  The new FHA “Short Refi” program, announced earlier this year, went into operation yesterday. It allows borrowers who are current on their mortgages now to refinance into FHA-backed loans, if and only if their lende…

Private Mortgage Insurers Shouldn’t Ease Standards: FHA’s Stevens

This morning FHA Commissioner David Stevens told a couple of thousand realtors at a conference in Washington, DC that there is “no end in sight” to the growing number of FHA loans.

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This web site is dedicated to providing valuable information related to the Jacksonville, Florida real estate market and the real esate industry as it impacts the buying, selling, and renting of homes and condos.

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