Archive for November, 2012

FHA Mortgage Changes are Coming

Monday, November 19th, 2012

Due to losses at FHA there are some changes coming for FHA loans.  They are: Increasing the annual insurance premium paid by borrowers on new FHA loans in 2013. This should add $13 per month to the average borrower’s bill Continuing to sell expanded pools of defaulted mortgages that are headed for foreclosure Revising its […]

Discounts on Foreclosures are Shrinking.

Monday, November 12th, 2012

We’re seeing pricing on foreclosures increase just like individual sales.  Now from this report from Real Estate Economy Watch we’re seeing the amount of discount off list price shrink as well.  From the report,  “The national average discount on foreclosures has shrunk by 1.4 percentage points over the past year as competition for foreclosures as […]