MIP, PMI, or neither?
This chart compares the costs and benefits of default insurance demanded by lenders on mortgages with LTVs exceeding 80%, and suggests the optimal financing path for homebuyers.
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Tag: private mortgage insurance (PMI)
Property Appraisal and Mortgage Approval
The lender’s appraisal of a property on receipt of a borrower’s mortgage application, and later approval to fund
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Letter to the editor: Low down payment mortgage comparison
When is a low down payment a better choice than a traditional down payment? The answer depends on the homebuyer’s situation.
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FHA’s new condominium approval guidelines expand eligibility – and potential HOA mismanagement
The Federal Housing Administration’s new temporary approval guidelines for condominium projects make it easier to gain approval. However, it may also increase the FHA’s risk of defaults.
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Residential rents outpace home prices
As rents rise more rapidly than home prices, a homeownership shift may be approaching.
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FHA reduces premiums, makes zero positive impact on housing market
FHA mortgage insurance premiums will be 0.5% lower, but still more than PMI.
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“Back to Work” with the FHA
Like our economy, the FHA is treading water. Pulled to shrink their footprint, pushed to keep the housing market afloat, what will be their role in 2014?
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Sales volume unaided by meager job growth, Weekly Statistical Update 11/25/2013
first tuesday Weekly Statistical Update 11/25/2013, Sales volume unaided by meager job growth; Recovery extended by slow job growth; California home sales volume gone flat; Less than 20% down: PMI annual costs beats MIP
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