Archive for the ‘Uncategorized’ Category

HUD Re-Releases Guidance on Tax Credit Refund

Friday, May 29th, 2009

By Robin Medecke After the premature release of Mortgagee Letter 2009-15, we were waiting on further clarification as to whether the First-Time Homebuyer Tax Credit (FTHBC) could be applied to FHA’s required 3.5% downpayment contribution from the borrower, thus creating a vehicle for 100% financing. With today’s official re-release of ...

FHA’s First Time Homebuyer Credit – Good, Bad, or Ugly?

Friday, May 15th, 2009

Co-authored by Aaron Krowne and Robin Medecke On May 12, 2009, HUD Secretary Shaun Donovan, speaking at an NAR Real Estate Summit, was reported saying that FHA was “going to permit its lenders to allow homeowners to use the $8,000 homebuyer tax credit as a downpayment.” HousingWire said “details on the ...

A Word about Jack… er, Mr. Kemp

Tuesday, May 5th, 2009

by Robin Medecke I heard the news Saturday of his death, and watched the news feeds thereafter. The first day was full of reminiscing about his football career, the second his political career and "also-ran" veep on Bob Dole's presidential bid. Conservative media sources touted him as the second most ...