FHA Eggs On Buyers With Lower Premiums

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 January 14, 2015
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FHA Fee Cuts Likely to Lure More Buyers
The FHA’s mortgage premium reduction likely will help more than 2 million borrowers save an average of $900 annually over the next three years and encourage nearly a quarter-million first-time home buyers to make a move, says HUD’s secretary.

Loan Demand Posts Biggest Leap in 6 Years
Consumers who saw rates plunge last week responded enthusiastically as mortgage applications drew markedly higher activity.

More HOAs Foreclose on Late-Paying Owners
Condo homeowner associations are increasingly going after owners who have fallen behind on paying their HOA fees by triggering foreclosures against late HOA-paying owners. But mortgage lenders are worried about HOAs’ move.

Buyers Turn to Credit Unions for Mortgages
Credit unions have quadrupled their market share since 2006, offering home buyers another option from the traditional mortgage lender.

Phone Separation May Make You Stupid
In real estate you may often be tethered to your smartphone to stay connected to your business. A new study suggests why you may want to keep that phone near you.

A Second Chance at First Impressions
A researcher reports in the Harvard Business Review that a bad first impression can be corrected with some thought and attention.

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