Sheila's Tampa Real Estate News Blog
The government just can’t rescue everyone, which is evidenced in Lehman Brothers Holdings bankruptcy filing. Lehman is the fourth largest U.S. investment bank filed for bankruptcy Monday. This is the largest ever bankruptcy filed since Lehman held $600 billion in assets. The government has already had to bail out Freddie Mac and Fannie Mae as [...]
Tags: home loans, homebuyers, mortgage, Tampa Bay area real estate
The clock is ticking on all seller-funded downpayments. Effective with all FHA loans underwritten on or before
October 1, 2008 seller-funded downpayments are prohibited. All loans containing a seller-funded DPA must close by October 31, 2008 and/or be purchased by Taylor, Bean & Whitaker Mortgage Corp. by November 15, 2008.
This all came about because the Bush [...]
Tags: buyers, FHA, home loans, Tampa Real Estate
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