Google Inc.’s (NASDAQ:GOOGL) Chrome browser is very popular among Internet users due to its features, many complain that it consumes a lot of system resources. Google seems to have taken note of these complaints, and is now working to address the issue, at least for Apple Inc.’s (NASDAQ:AAPL) Mac users. According to a post by … Read more
ITIN Mortgage Loans ITIN mortgage loans are non-conventional loans (2) for foreign individuals who are not eligible for an SSN registration (3) and only possess an ITIN as their tax processing identification (1). The Social Security Numbers are identification codes (6) issued to eligible foreigners (5) and US citizens (4). Unqualified aliens with ineligibility to … Read more
Stated Income Loans For California After the Dodd-Frank legislation piece was passed more than a decade ago (3), stated income loans initially disappeared (5) as they were partly blamed for the collapse of the housing market (1). Some years ago, the Trump Administration passed the S. 2155 (7) that even when it did not repeal … Read more
Stated Income Loans Stated income loans for mortgages were one of the many causes of the disintegration of the US housing market in 2008 (1), called the “housing bubble” (2). Therefore, in 2010, the Obama Administration passed the Dodd-Frank reform legislation (3) which in practice prohibited to institute loans that are granted with the sole … Read more
FHA Loan Limits For 2021 The Federal Housing Administration (FHA) announced for 2021 their new schedule of loan limits for the upcoming year (Source). Due to a steady increase in housing prices, most areas in the country will see a slight increase in loan limits in 2021. These loan limits are effective for case numbers … Read more
FHA Loan Requirements in 2023 I describe here the complete FHA loan requirements. The Federal Housing Administration (known as FHA), is providing mortgage insurance in the mortgage loans 1 concluded by FHA lenders 2. When it comes to FHA loans, there are a few essential qualifications you need to meet. For starters, you must have … Read more
FHA Case Number Format Clarifications The system for the delivery of electronic appraisals for the FHA loans, what is called the FHA EAD portal (Source), to which we dedicated an article mirrors in a good part, the same technology that is being utilized in standard mortgage loans (Source). However, this is with some distinctions to … Read more
The HUD 92900 A Form Form HUD 92900 A is a legal document signed in the case of an application for an FHA loan or a VA loan (Source). This is an annex to the loan application (Source), as an addendum (Source). It is a certification to the federal agencies, and also organizations at the … Read more
How To Fill The FHA Financing Addendum Step By Step The FHA Financing Addendum is a form that must be fully completed before extending a mortgage loan insured by the FHA (Federal Housing Authority) (Source). This agreement is concluded between the seller and the purchaser of the home (Source) after the buyer has fulfilled all … Read more
FHA Notice To Homeowner: The HUD 92210-1 Form The FHA notice to homeowner of the assumption of FHA / HUD-insured mortgages (Housing and Urban Development Administration in the federal government) is a formal notification (Source) that he has the legal obligation to perform each month the payment obliged by his mortgage contract and promissory note … Read more
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