In this installment of the KW July 2009 report, we’ll look at: Credit Scores: Decoded. An often misunderstood issue when applying for a mortgage is how credit scores affect the decision for lenders to loan. Let’s examine how credit scores are actually determined… Check back for the next installment in this series:Tips from MyFico.com. Jennifer [...]

In our next installment of the Keller Williams reportwe look at FHA Plans to Expand Capacity Source: hud.gov Over the past three years, the percentage of FHA-backed loans has skyrocketed from 2% to 24% of all mortgages today. To cope with the rapid expansion, FHA has requested authority to provide $400 billion in additional FHA [...]

As we continue our installments of the Keller Williams report, we review new Obstacles… Source: The Washington Post 1. Fannie Mae recently changed its policy concerning job transfers. For some time, Fannie Mae considered the income of a transferred employee’s spouse to qualify the couple for a larger mortgage even if they had not yet [...]

In this installment of the Keller Williams report: The Numbers That Drive Real Estate, we look at Loan Modification Program. Source: CNNMoney.com Announced July 1, the Making Home Affordable Program will now allow homeowners who are up to 125% underwater to refinance their mortgage.  Under the program, the previous limit was 105%. The industry norm [...]

As we continue our series on the KW Economic Report, this installment will focus on: Support for Economy Source: federalreserve.gov In its last meeting, the Federal Reserve maintained the current record low interest rate. In a notably more positive report, the Fed sites signs of improvement but qualifies that the storm is not over yet. [...]