New FHA Regs to Affect Buyers in 2010

On Wednesday January 20, 2010, the FHA announced policy changes geared toward addressing risk within the administration and strengthening its finances.  Not surprisingly, the changes are at the expense of potential borrowers.  The full text of the FHA policy announcement can be found here. Some of the highlights include: increasing up front mortgage insurance premium costs … Read more

November 2009 Home Sales Surge in Massachusetts, Drop in US

According to the Massachusetts Association of REALTORS home sales in Massachusetts were up over 63% in November 2009 versus November 2008.  The number of homes put under contract increased for the sixth straight month aided in no small part by the impending deadline of the first-time homebuyer tax credit which was set to expire on … Read more