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Anil Alex Moonasar's Blog – January 2013 Archive (3)

FHA to tighten some loan rules

The Federal Housing Administration (FHA) announced a series of changes to be issued this week.

Commissioner Carol Galante calls the changes “essential and appropriate” as the administration tries to bolster its cash reserves in its Mutual Mortgage Insurance Fund (MMI Fund).

Changes to mortgage insurance premiums

FHA will increase the annual mortgage insurance premium (MIP) added onto most new mortgages by 10 basis points…


Added by Anil Alex Moonasar on January 31, 2013 at 1:44pm — No Comments

Florida Foreclosures

 Six Florida cities rank among the best places to buy foreclosures in 2013, according to a report by RealtyTrac.

Topping a list of 20 metropolitan areas is Palm Bay-Melbourne-Titusville, the Irvine, Calif.-based real estate data firm said.

RealtyTrac looked at four criteria in tallying the “best places”: the supply of foreclosure inventory; foreclosure sales as a percentage of all transactions; the average percentage discount on foreclosures;…


Added by Anil Alex Moonasar on January 31, 2013 at 1:38pm — No Comments

Outside remodeling has biggest return on investment

Homeowners looking for the most return on their investment when remodeling should consider exterior replacement projects. According to the 2013 Remodeling…


Added by Anil Alex Moonasar on January 30, 2013 at 1:53pm — No Comments

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