Archive for August, 2008
No Documentation Home Loans
Loans to $2.5 Million+ with no documentation required!
No Income, No Tax Returns, No W2’s, No Job, Nothing!
In today’s world many people don’t draw a steady paycheck from a company. They own businesses, they make commissions, live off investments income, or don’t want to give up their financial privacy. Limited or no documentation mortgages are now available for these types of situations.
No Documentation to 95% Loan to Value
If your income doesn’t come from a single paycheck or you don’t want to reveal all your income sources, you can still get a good loan with great terms.
No Documentation Home Loans requires no employment, income, or assets to be stated on your loan application.
No Documentation Home Loans are available for purchase or refinancing a single family, 2-4 unit apartments, town homes or condominiums. For foreclosures and short sell properties.
No Documentation Home Loans are available on 1st and 2nd mortgages for primary residences, second homes and investment properties
Hochfelder Accused of Larceny in Deals
New York real-estate investor Adam Hochfelder has been arrested for allegedly “stealing more than $17 million from a panoply of banks and individuals.”
Originally from WSJ.com: Real Estate on August 28, 2008, 7:06am
Learning to Embrace the Change Order
Nancy Keates discovers that the human desire to re-think decisions inevitably leads to changes in homebuilding plans. Those changes often mean big cost overruns – but sometimes, they can also translate to big savings.
Originally from WSJ.com: Real Estate on August 27, 2008, 7:21am
Fannie Names New CFO, Risk Chief
Fannie Mae shook up its top ranks, announcing its chief business officer and two others are leaving as it moves to save capital. Shares surged 15%.
Originally from WSJ.com: Real Estate on August 28, 2008, 5:59am
Housing Market Still Under Pressure
Home prices are improving in some parts of the country but still falling sharply in hard-hit places like Phoenix, as the weak housing market and shaky consumer confidence continue to weigh on the battered U.S. economy.
Originally from WSJ.com: Real Estate on August 27, 2008, 6:01am
FHA Raises Premiums for Home Loans
The Federal Housing Administration raised the premiums it charges for insuring that mortgages will be repaid to 1.75% of the loan amount.
Originally from WSJ.com: Real Estate on August 27, 2008, 6:00am
S&P Cuts Mortgage-Insurer Ratings
S&P downgraded its credit ratings on the units of three mortgage insurers, reflecting its expectations for increased claims and concerns about the profitability of insured mortgages originated this year.
Originally from WSJ.com: Real Estate on August 27, 2008, 5:51am
Housing Recession Just Builds
With each economic release related to the state of the housing market comes the hope that this one, finally, will prove that the residential real-estate market is on the way to recovery.
Originally from WSJ.com: Real Estate on August 26, 2008, 5:44am
In a Slow Market, Builders Offer Big Incentives
There’s no guarantee that the housing market will turn around soon—but some builders are offering discounts that make it worth jumping now. June Fletcher offers tips on how to negotiate for a great deal.
Originally from WSJ.com: Real Estate on August 27, 2008, 7:23am
China to Alter Insurers’ Rules
Chinese regulators will give the nation’s insurers greater leeway to invest in real estate, a move that could help these big investors diversify their holdings and could open a new source of capital for the weakened domestic property market.
Originally from WSJ.com: Real Estate on August 26, 2008, 5:25pm