Author Archive

FHA Mortgage Insurance Premiums Increased for Most and Reduced for Few Streamlined Refi’s

Rhonda Porter on 04 28, 2012 | 1 Comment

Earlier this month, FHA mortgage insurance premiums (both annual and upfront) were dramatically increased for purchases and refinances with exception to *some* FHA streamline refinances.  If you wer

Read More

No Fooling: FHA MI going up again April 1

Rhonda Porter on 02 29, 2012 | 27 Comments

HUD has announced that effective on FHA case numbers obtained on or after April 1, 2012, FHA mortgage insurance premiums will be higher. Upfront Mortgage Insurance Premium (UFMIP) will be increased

Read More

Mortgage Tech Summit is Next Week!

Rhonda Porter on 02 2, 2012 | No Comments

Mortgage Tech Summit is Next Week!

Last year, I had the privilege to attend and participate in the first Mortgage Tech Summit in Denver.  Next week, on February 9th and 10th, the next MTS will be taking place in Scottsdale. If yo

Read More

Lenders Jacking the Cost to Extend Locks

Rhonda Porter on 01 31, 2012 | 13 Comments

Lenders Jacking the Cost to Extend Locks

A lock extension is what is required when a loan does not close in the time frame as arranged with the original lock. Locks are available for 30, 45 or 60 days with the longer the period of time avail

Read More

« Older Entries