THE BASIS POINT

My Writing Debut On TheStreet.com

 

Last week, I debuted as a housing contributor on JimTheStreet-Icon142x142 Cramer’s TheStreet.com. My first piece was on a critical consumer deadline coming June 3 that will make FHA mortgages much more expensive. To get an FHA loan, borrowers must first have an FHA case number, and lenders can’t get case numbers without first obtaining a full borrower application and following federally required disclosure processes. So anyone targeting FHA loans should apply with lenders by this Friday, May 24 to get in before the FHA fee changes.

The piece also includes an detailed overview and stats on the government’s role in housing.

Here’s the link: Last Call For Decent FHA Mortgages

My next piece will be an update on the state of the jumbo mortgage market.

I’d like to thank Rocco, Carlton and Cherella at TheStreet.com for bringing my housing content into the mix, and hope you follow along.

On that note, you can also check out the daily rate commentary I do with the MortgageNewsDaily MBS team over on their consumer rates section.

 

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Comments [ 1 ]
  1. ash goop says:
    June 12, 2013 at 5:50 pm

    Nice article. Thanks. It is a steep price to pay to buy the mandatory insurance which could come up to 5-10 % of actual monthly payment. The insurance rates have really gone up lately. I winder if paying 10% down and shop for the best rate while the rates are still down is a better option.

    Reply

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