http://www.dallasloanguy.com/wordpress A repository for some of my writings Sun, 15 Jun 2008 04:20:32 +0000 http://backend.userland.com/rss092 en I am an assistant coach on my son's 7yr old Coach Pitch Baseball team. I have been very pleased with the organization we are playing with this year. The Plano Baseball Association is certainly a community of people who believe in the phrase "It's All About The Kids". I have been ... http://www.dallasloanguy.com/wordpress/baseball-time-in-plano-tx-plano-baseball-association/ Today I had the pleasure of sitting in on a courtesy closing at a local title company. The courtesy closer was great!! We were closing for: Fidelity National Title 4540 FM 1960 West Houston, TX 77069 Upon my arrival at the closing I discovered that the Final HUD-1 approved by me, my processor and my ... http://www.dallasloanguy.com/wordpress/when-final-hud-approval-isnt-so-final/ Fannie Mae is setting new rules about what mortgages it will buy, including a credit score threshold for the first time. The District-based mortgage giant has told lenders it will no longer buy most loans made to borrowers with credit scores below 580, nor will it buy loans that have ... http://www.dallasloanguy.com/wordpress/fannie-mae-says-no-to-credit-scores-below-580/ FHA Non Occupying Co-Borrower rules in a nutshell. Typically called a 'Kiddie-Condo' loan. FHA allows family members to help their kids buy their first home. Whether they are in school with no income or out in the real world and just need a little extra income to qualify. FHA allows for a ... http://www.dallasloanguy.com/wordpress/fha-non-occupying-co-borrower/   I got notice late yesterday that beginning March 1st, loans above 97.01% will no longer be eligible for PMI. 3% down payment may be the name of the game going forward.... and FHA Loans have never looked so sexy!! Monthly PMI on Gov't loans is 1/2 of what you are charged on ... http://www.dallasloanguy.com/wordpress/the-death-of-100-financing-is-the-end-near/   Today's Guest Blogger is Jeff Belonger. Jeff is the FHA expert out of New Jersey. You can read some more of his articles here => Mortgage Knowledge at its BEST!!!! Disclosure : This might be slightly longer than usual. But in order to get this posts full potential, you need ... http://www.dallasloanguy.com/wordpress/money-merge-accounts-aka-mortgage-accelerator-programs-beware/ Heh heh.... Relax Dallas.... it was only a simulated Target Lock!!! A very good friend of mine called and said he was flying into Dallas Love Field. He wanted me to swing by for a cup of coffee. I am thinking to myself that he doesn't realize how big Dallas really ... http://www.dallasloanguy.com/wordpress/i-had-missle-lock-on-downtown-dallas/ Guest Article: By Karen Otto,  Home Star Staging  Plano, TX Staging is fast becoming a necessary marketing tool for selling a home. Staging is a technique that showcases a home for a smoother, faster and more profitable sale. There are many aspects to staging a home. I'd like to wax on ... http://www.dallasloanguy.com/wordpress/35/ Announced around 2:00 Central Time today.... Bank of America is closing down their whole lending department.....Cutting 3000 jobs.... Plans to focus more on their retail division.  As I was communicating with one of their wholesale reps last night and this morning, I can assure you that they didn't see this coming!!! My rep ... http://www.dallasloanguy.com/wordpress/bank-of-america-corp-is-exiting-the-wholesale-mortgage-business/ Down Payment Assistance Programs. You know, where the seller makes a donation to a 'charity'.... and that charity turns around and 'gifts' those monies to the buyer to satisfy the 3% Down Payment requirement on FHA loans. Well, effective October 31st, 2007 (see exception below)these programs will be GONE!! Monday October ... http://www.dallasloanguy.com/wordpress/hud-ends-most-down-payment-assistance-programs/