Tag: Mortgages

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New liquidity options flowing at Aqua

Buyers who have been following Aqua's Fannie Mae troubles will be interested to hear that Magellan Development has lined up two portfolio lenders: Har [...]

Aqua closings get the "yellow light" following Fannie Mae snag

It hasn't put the brakes on closings, but it certainly changed from a green light to a yellow light. It's not a red light, but without Fannie Mae appr [...]

FHA delays new condo rules, may avoid bottlenecks

Changes in the FHA approval process for condos that were supposed to go into effect this week have been delayed until December 7 (a day which will liv [...]

The most important thing: attorney Lloyd Gussis on appraisal reform

"You find a buyer out there, it's like gold in the mine," says Chicago real-estate attorney Lloyd Gussis, who talked to me recently about the changes [...]
Convenience for you is a safe bet for lenders

Convenience for you is a safe bet for lenders

On October 23rd, the Metropolitan Planning Council, in partnership with the Center for Neighborhood Technology, Chicago Metropolitan Agency for Plan [...]
Conventional financing options at Optima Old Orchard Woods in Skokie

Conventional financing options at Optima Old Orchard Woods in Skokie

Optima's Old Orchard Woods development in Skokie is unusual among today's condo projects in that it's approved for VA, FHA, and Fannie Mae financing [...]

Fresh Horizon program connects buyers with discounted homes and financing deals

If you've spent much time browsing the Internet in search of deals on Chicago-area homes, you may have come across a few new Web sites promoting new f [...]
Preparing for changes in the FHA process

Preparing for changes in the FHA process

On Nov. 1, several changes to the FHA approval process will go into effect, including the elimination of spot approval for condos, the addition of t [...]
Debunking common mortgage myths

Debunking common mortgage myths

Changes in the market, shifts toward and away different types of mortgages, and a lack of experience with brokers can all create misconceptions in t [...]
What's happening with jumbo loans?

What's happening with jumbo loans?

Jumbo loans are loans larger than those that qualify for conforming, FHA, and VA programs -- typically more than $417,000 in today's market. During [...]
The shift to FHA-backed financing

The shift to FHA-backed financing

"Three years ago nobody would touch it. Now everybody is clamoring to get it." That's how Joe Zekas opens this segment on FHA-backed loans with Amer [...]
A broker's primer on VA-backed loans

A broker's primer on VA-backed loans

VA-guaranteed loans may be the most misunderstood type of mortgage loan in the market today. Last week Joe Zekas met with American Street Mortgage V [...]

The most important thing: Frank Binetti of Lincoln Park Savings Bank

I think the best thing people can do is make sure that they save their money for a down payment, and to make sure their credit is clean and up to date [...]
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