Michael Regan 4 connections

Eliminating brokers is the solution to all our problems…

Before I get a million messages of course I’m kidding. 
You turn on the news or read about a new congressional bill trying to eliminate or rein in brokers, mortgage bankers, etc.  Basically labeling all mortgage originators as evil and needing to be regulated and micro-managed to the nth... more »

FHA condo changes effective 2/1/2010

Starting today for all new FHA case numbers, the FHA spot approval process for condos goes away.  A condo must be FHA approved for FHA financing.  If a condo is not on the HUD approved list here: https://entp.hud.gov/idapp/html/condlook.cfm the condo must go through a HUD and/or lender approval... more »

Petaluma Broker Tour 1/20/2010

This week the tour featured 9 homes, of which 8 were old fashion regular sales; imagine that!  The following pictures are from the various homes toured.  They'll give you a feel of what's available in Petaluma, CA.  All homes shown are in East Petaluma.  Prices ranged from $399,000 to... more »

FHA changes

Today HUD announced FHA changes that will take place this spring and summer.  Dates have not been announced yet, but changes have been.
Here are the highlights:
 -Up front mortgage insurance premium is being increased from 1.75% to 2.25%.  While this is an increased cost; it looks as though... more »