Responsible Lending... What a Concept...!!!

Fannie Mae and Freddie Mac have both updated their seller guides to incorporate the Consumer Financial Protection Bureau’s Ability to Repay Rule under the Truth in Lending Act.

The rule will go into effect January 10, 2014.

The Federal Housing Finance Agency (FHFA) worked with the GSEs to update their respective seller guides in alignment with one another.

The basic goal of the “Ability to Repay” rule is to ensure lenders act in good faith that a borrower can repay his or her loan before offering the loan.

Yes, We Closed Another Short Sale...!

Jacumba, CA  - Yalda Alawi / Solutions Real Estate

TEAM Short Sale - We Get Approvals... YOUGet Paid...!

Home Prices Rise to Near 7-Year High...!!!

Rising Prices

Annual home value appreciation hit the 6 percent mark for the first time in nearly seven years in July, according to Zillow’s Real Estate Market Reports for the month.

Here We Go AGAIN...!!!

 The Federal Housing Administration (FHA) is allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale to reenter the market in as little as 12 months, according to a mortgage letter released Friday.  

Borrowers who experienced a foreclosure must wait at least three years before getting a chance to get approved for an FHAloan, but with the new guideline, certain borrowers who lost their home as a result of an economic hardship may be considered even earlier.When all the B.S. clears it seems a  Promise to Pay is probably all that will be required. 
Here We Go AGAIN...!!!

A photographic study of Italia; (Greek) meaning "land of young cattle"

Phillip Allen Artist

WELCOME...! I just launched my facebook Fine Art page; I will be adding new albums from time to time. Tonight I uploaded my Photographs of Italy... they are my impressions of of the architecture and history of Italy. I hope you enjoy my work.

REO Isn't Dead...!!!

REO sales do not claim as large a role in the marketplace as in recent years. However, until employment improves nationwide, and depending on where you are geographically … REO sales will remain a viable market for real estate sales in the near future.

Home Ownership Affordability Slipping to the Lowest Level in 4-Years...!!!

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Housing Affordability Drops to 4-Year Low as Rates, Prices Rise...!!!

While rising home prices across the nation may be good news as they imply recovering markets, the trend may dampen housing affordability. Having been historically high for the past few years, affordability dipped somewhat in the second quarter of this year, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity index.

Live To Ride & Ride To Live

Harley Davidson Canvas Prints

As Market Shows Stability, It's Time to Reform Housing

Market Shows Stability

Newly initiated foreclosures are on the decline, reaching their lowest numbers since December 2005 in June, according to the latest Housing Scorecard from the Obama administration. Meanwhile, the administration continues to add to the tally of homeowners helped through its Making Home AffordableProgram, bringing the total to more than 1.7 million as of June.

A City of Islands, Lagoons, Canals & Bridges

Venice

La Dolce Vita... The Sweet Life...!!!

The Good Life is Sweet...!!!

Broad-Based Spike in New Delinquencies

In June, over 700,000 loans that were once current became newly delinquent, leading to a near 10 percent month-over-month spike in the national delinquency rate, according to a report from Lender Processing Services (LPS).Spike in Delinquencies

Obamanation Reveals Proposals

Housing Finance Reform 

In a speech Tuesday, President Barack Obama will stress the need for a new housing finance system based on specific core principles that include putting private capital first, ending Fannie Mae and Freddie Mac’s “failed business model,” and ensuring broad access to the 30-year fixed rate mortgage, according to a fact sheet from the White House.

Ponte Vecchio's Padlocks

Italia - "Land of Young Cattle"

Venetian Traffic Jam...?!?

Acrylic is BEST...!!!

Frantastic Harley Davidson Greeting Cards...!!!

Motorcycle Greeting Cards

Italia... Land of Young Cattle...!!!

Posters of Italia A photographic study of Italia; (Greek) meaning "land of young cattle"; these photographs depict an artist view of Italy from the incredible city of Venice; a city of islands, lagoons, canals and bridges; to Verona, Florence, Rome, Lecce and the beautiful west coast city of Sorrento. All of these photos have been enhanced with various techniques of color saturation to express my artistic impressionism. I hope you enjoy them.

FHA Solvency Act Passes...!!!

The Solvency Act will increase the cost of Government backed  FHA loans. 

The Federal Housing Administration (FHA) Solvency Act of 2013 (S. 1376) is headed to the Senate after receiving approval from the Committee on Banking, Housing, and Urban Affairs.