Blog Archives

When You Sell Your Home With FHA Financing, Buyers Can “Assume” Your Mortgage And Its Interest Rate

As the U.S. housing market recovers from last decade’s downturn, today’s home buyers aren’t always flush with cash. For buyers with few funds for downpayment, loans via the Federal Housing Administration remain popular. The FHA allows loans with as little

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Senators Warner and Corker to introduce bill liquidating Fannie and Freddie

Virginia senator Mark Warner, along with colleague Bob Corker (R-Tenn.) — with backing from a bipartisan group of lawmakers — will introduce a bill that would liquidate Fannie Mae and Freddie Mac. It would replace them with a new agency: the

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LENDING: Bank of America Most Griped About Bank, CEO Pay Rises

By Tara Steele of AGBeat As Bank of America is named as the bank with the most borrower complaints, their CEO sees a 70 percent increase in his pay in the last year – what is going on here? Bank

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Hampton Roads Spotlight: Top Military Contractors Not Hurt by Sequestration

There’s been plenty of concern about the effects of sequestration on the defense industry — which is, obviously, of huge concern in Virginia, particularly in the Hampton Roads area. Big cuts in pay for civilian employees has already translated into

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FHFA Unveils Plan to Replace Fannie and Freddie

Fannie Mae and Freddie Mac will begin winding down, with a new company taking their place. That’s the plan unveiled by the acting director of the Federal Housing Finance Administration — the agency that has overseen Fannie and Freddie since

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Housing Initiatives and Changing Options for Homeowners

With housing initiatives from the government in peril at the hands of politicians, the future of options available to struggling homeowners may be changing. Frustrations with housing initiatives In a recent report, it was noted that there is diminishing help available for underwater

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An Obama State of The Union Finally Addresses Housing

President’s State of the Union finally took on housing Given the critical piece housing has played in the crushed economy and its continuing role in the potential for a recovery, all eyes were on the President last night, given that in his 2012 State of

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