87% of Homes Qualify for Downpayment Assistance

Nat'l Real Estate Post: 87% of homes qualify for downpayment assistance. Check out downpaymentassistance.com
http://thenationalrealestatepost.com/awesome-dap-website-you-have-to-check-out/?---------------------------------------------
The Department of Housing & Urban Development will be in the barrel on Capitol Hill on Wednesday, when a committee will convene to investigate allegations that senior HUD officials violated federal law and obstructed investigators’ efforts to uncover potential wrongdoing. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32810-house-investigating-allegations-of-legal-ethical-wrongdoing-at-hud
---------------------------------------------
Shared and taken by Valentina Cirosola, For the love of Italy

---------------------------------------------

Personal income in December 2014 increased 0.3 percent. Nominal personal consumption expenditures (PCE) fell 0.3 percent. Real PCE declined 0.1 percent. Nominal disposable personal income (DPI) rose 0.3 percent. Real DPI increased 0.5 percent. The personal saving rate as a percentage of DPI was 4.9 percent in December.  -- Bureau of Economics and Statistics

---------------------------------------------
"For the full year of 2014, home prices increased 7.4%, down from an 11.1% increase in 2013," said Sam Khater, deputy chief economist at CoreLogic. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/32805-corelogic-home-prices-increased-74-in-2014
---------------------------------------------
Shared and taken by Dieter Birr, Burgruine Zavelstein, Castle Zavelstein/Black Forest/Germany

---------------------------------------------
Nat'l Real Estate Post:
FHA is going to try and loosen up on their errors and omissions policy which in turn could lighten up the overlays that lenders are using when making an underwriting decision.
http://thenationalrealestatepost.com/doing-away-with-fha-overlays/?
----------------------------------------------
Mortgage rates as of 02.13.2015

• 
  Lender info
  NMLS # 1168
  State Lic #17117
• 4.288%
  Fees:$750.00
  Fri Feb 13
• 4.250%
  at 0 pts
  60 day rate lock
• $812.00
  More details

• Regions Bank
• 4.298%
  Fees:$932.50
  Fri Feb 13
• 4.250%
  at 0 pts
  30 day rate lock
• $812.00

• Citizens Bank
• 4.172%
  Fees:$928.00
  Fri Feb 13

---------------------------------------------
Shared and taken by M. Friedrich, Austernzuchtbecken

---------------------------------------------
A total of 37,292 homes were repossessed in January, a 15-month high. Overall, 119,888 properties were at some stage of the foreclosure process, still down 4 percent from a year earlier.
http://www.newsmax.com/Finance/Foreclosure-RealtyTrac-Homes-bank-repossessions/2015/02/12/id/624312/?
---------------------------------------------

Shared by Darja Vizjak, Old Castle Celje, Slovenia