Tim Lucas (NMLS #118763 ) is an editor of MyMortgageInsider.com. He has appeared on Time.com, Realtor.com, Scotsman Guide, and more. You can connect with Tim on his website, ThisIsMortgage.com.
January 11, 2014
Editor’s Note: The HARP program expired Dec. 31, 2018, but most homes have increased in value considerably since HARP rolled out. This means many homeowners may currently be eligible for […]
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January 8, 2014
The Department of Housing and Urban Development (HUD) made an official announcement that effective January 1, 2014, Federal Housing Administration (FHA) would be lowering lending limits for single-family homes. The […]
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January 3, 2014
The news is full of reports of rising interest rates and lower loan volume at lenders. But these factors have contributed to a 24% drop in the time it takes […]
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December 19, 2013
The Federal Reserve announced today that it will begin the long-awaited slow withdrawal from its mortgage rate reduction program in January 2013. The program, called Quantitative Easing, or QE3, has […]
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December 17, 2013
Former casino mogul Jack Sommer is selling his mansion in Las Vegas for $7.85 million or the equivalent in bitcoin. Bitcoin, a virtual currency that was invented in 2009, has […]
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December 11, 2013
In a 57 to 41 vote, Mel Watt was confirmed to replace Ed DeMarco as the new head of the Federal Housing Finance Agency, or FHFA. The confirmation is viewed […]
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December 6, 2013
We could see a big HARP 2.0 change that puts homeowners closer to HARP 3.0 by the end of 2013. The possible confirmation of Mel Watt (D., N.C.) as the […]
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December 5, 2013
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) released a joint report on Wednesday showing a 25.4% increase in sales of new homes compared to […]
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Conventional Loans · Home Buying
November 8, 2013
Update for December 2014: Fannie Mae and Freddie Mac have reinstated the 3% down conventional home loan as of December 2014. For details on the 97% LTV home buying program, […]
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October 31, 2013
This Halloween, many across the country are looking forward to being scared silly at haunted houses and cheesy horror movies. But it appears that this October brings an unwelcome kind […]
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