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RSS Updates

The Village of Palatine to cut over 30 large trees along Palatine Road! July 12, 2010
In the interest of “Progress”, The Village of Palatine is making improvements to a short leg of Palatine Road. The Railroad crossing is being improved (but we will still have to wait for trains), there will be more turn lanes, (but we will have to wait for a break in the traffic from 2 oncoming lanes now), and just West of Bothwell Street, the 2 westbound la […]
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Hoffman Estates July 4th 2010 Fireworks Grand Finale! July 5, 2010
Wild Fireworks at the 2010 Hoffman Estates Celebration. […]
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Private Companies Lobby Congress for Heavy Home Resale Fees June 27, 2010
According to ALTA, the allowance of Wall Street Home Resale Fees would force homeowners to pay a large fee to sell their homes and also add a complicated legal roadblock to the home sale process. As a result, this controversial financial scheme is facing opposition across the country, ALTA said. […]
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Make Home Buying a Smart Process June 16, 2010
The purchase of a home is a major financial commitment. Don't let the excitement of looking for your dream home prevent you from following these common sense tips: […]
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REAL TRENDS Housing Market Report for June 2010 June 12, 2010
May housing sales up for 9th month in a row as closed units up 19.8 percent over May 2009 while prices climbed 6.9 percent in same period. All regions were up strongly in both units closed and average prices. Continued impact of tax credit and low interest rates are main reasons. […]
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Homes For Sale in the Evergreen Subdivision in Hoffman Estates June 3, 2010
Great selection of Homes for sale in Evergreen Subdivision. […]
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FHA to Cut Seller Concessions by 50% June 3, 2010
Paul Skeens, president of Colonial Mortgage Group in Waldorf, Md., said he is advising loan applicants to request a "good faith estimate" upfront that provides for the seller to pay 100 percent of closing costs and prepaid fees "so that in cases where the buyer doesn't have much more than the down payment, that's the only cash they […]
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Recovery should be Quicker than Thought according to Experts May 25, 2010
Economic Recovery could be Quicker than past Recessions according to the experts. Citing growth in both consumer and business spending, economists Justin Weidner and John C. Williams said recovery “is likely to be faster than from the two previous recessions” in a report released Monday. The Northwest Suburban Real Estate Market continues to Rebound with [. […]
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Hoffman Estates Recovery Could be Quicker than past Recessions according to the Experts May 25, 2010
Experts expect a speedy recovery and gains in Real Estate Sales. […]
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Good News for Schaumburg Sales – Economic Recovery could be Quicker than past Recessions May 25, 2010
Good News for Schaumburg Sales – Economic Recovery could be Quicker than past Recessions according to the experts. Citing growth in both consumer and business spending, economists Justin Weidner and John C. Williams said recovery “is likely to be faster than from the two previous recessions” in a report released Monday. The Schaumburg Real Estate […]
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May

New Fannie Mae Rules Affect Mortgage Qualification

written by admin

- May 15th, 2010

New Fannie Mae Underwriting standards beginning June 1st

Rein in credit urges before closing

Beginning June 1st Fannie Mae will require a second credit check just before closing to see if you still qualify for the mortgage that was approved weeks earlier.

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