Ethical Homes Blog Posts

  • FHA announces assistance for “Chinese” drywall homeowners
    on Jan 1, 1970
    FHA has announced a program whereby homeowners with FHA mortgages who have been affected by recent issues with defective drywall can temporarily suspend or reduce payments on their mortgage in order to give them the additional cashflow that they migh...
  • Easily Contact Hypothermia Shelters in the DC area
    on Jan 1, 1970
    As we prepare in the DC area for what's expected to be our first big snowfall of the season, many of the area's homeless population will find themselves without adequate shelter; here are some phone numbers that every local resident should keep handy...
  • FHA/VA Adjustable-Rate Mortgages Can Be A Great, Safe, Deal
    on Jan 1, 1970
    Many borrowers have been trained to avoid adjustable-rate mortgages (ARMs), especially after misuse of those loans got so many borrowers into trouble during the last boom market, but ARMs issued through government programs such as FHA or VA have cert...
  • Flood Insurance Unavailable Due To Congressional Error
    on Jan 1, 1970
    Buyers of homes in Special Flood Hazard Areas will probably be unable to close on their purchases for the next few weeks due to the failure of Congress to reauthorize the National Flood Insurance Program (NFIP). After passing the recent health care...
  • Legal Restrictions On How Fast Mortgage Loans Can Close
    on Jan 1, 1970
    Two laws that went into effect in 2009 have severely affected how quickly mortgage loans can go to closing; loans can currently generally close no faster than 9 calendar days after processing on them starts. MDIA and HVCC are two recent laws that ha...
  • Bank-Owned Foreclosure Inventory in Loudoun County (Week of 8/2/09)
    on Jan 1, 1970
    As a public service for buyers, Ethical Homes is glad to publish a list of all of the available bank-owned foreclosure properties in Loudoun County, VA for the week of 8/2. Basic information for each new or changed bank-owned property from the last...
  • Inquire About Your Eligibility For A Loan After A Bankruptcy
    on Jan 1, 1970
    Are you trying to get a mortgage after having gone through a bankruptcy? Fill out the form below and we’d be glad to let you know if we would be able to help you obtain financing. (To determine your potential eligibility for a new mortgage, we...
  • A guide to the Twitter hashtags that we use.
    on Jan 1, 1970
    Following us on Twitter? Here's a quick guide to some of the hashtags and shorthand that we use there. Mortgage Updates bps: basis points. One basis point is equal to 0.01%; if a mortgage bond is trading at 1% above its "par" value, and the pric...
  • FHA Announces Extension Of Condo Project Approvals
    on Jan 1, 1970
    Many FHA-approved condominium projects were due to have their approvals expire on 12/7/10; as had been anticipated, FHA has officially announced that those expirations will be push back to allow more time for approval renewals to be processed. In ord...
  • Remy’s Arlington
    on Jan 1, 1970
    Local comic Remy recently posted a parody rap that is sure to take the interwebs by storm (at least in the DC area). Given how trite the "dorky white person does gangster rap" parody genre has become, Remy's take on Arlington (which is really more o...
  • Chinese Drywall: Worse Than Asbestos And Polybutylene?
    on Jan 1, 1970
    Agents should be aware of defective Chinese drywall with extremely high levels of sulfur and strontium, which is believed to be causing severe corrosion of copper piping and electronics in homes. The Sarasota (FL) Herald-Tribune began investigating...
  • More on HVCC
    on Jan 1, 1970
    As we recently discussed, the new HVCC appraisal rules are hurting real estate markets that are already struggling to recover, and legislation was just introduced to suspend HVCC until the rules can be improved to address those issues. In a post fro...
  • First Steps To Determine If You Are Eligible For A HARP Refinance
    on Jan 1, 1970
    There are many criteria that need to be looked at to determine if a homeowner is eligible for a HARP refinance; many of them will need to be reviewed with your mortgage consultant, but one of the first steps can be easily done by the homeowner for th...
  • Paying for Mortgage-Related Services
    on Jan 1, 1970
    While many mortgage-related service providers will agree to be paid for their services as settlement, some (including, recently, appraisers) have started demanding payment up front for their services. If you are using Ethical Homes and HomeFirst Mor...
  • HomePath Mortgages Allow Easy Purchase of FNMA Foreclosures
    on Jan 1, 1970
    While most post-foreclosure properties (aka REOs) end up being owned by individual banks, many such properties actually end up being owned by FNMA (Fannie Mae); since Fannie is one of the major players in mortgage markets, preferred FannieMae lenders...
  • Mortgage Market Update 7/24/09
    on Jan 1, 1970
    A quick weekly overview of where the mortgage markets are, where they have been, and where they are expected to go. Looking Back: In the previous week, we once again saw a great deal of volatility in mortgage rates, but in the end very little mo...
  • Measuring America on July 4th
    on Jan 1, 1970
    Happy (United States) Independence Day! To celebrate July 4th this year, we're going to plug a great book about the development of real property ownership during the formative years of the United States of America--Andro Linklater's Measuring Americ...
  • Paying for Mortgage-Related Services
    on Jan 1, 1970
    While many mortgage-related service providers will agree to be paid for their services as settlement, some (including, recently, appraisers) have started demanding payment up front for their services. If you are using Ethical Homes and HomeFirst Mor...
  • VREB Reminds Agent to Call Miss Utility
    on Jan 1, 1970
    The Virginia Real Estate Board (VREB) wants agents to remember that they do need to call Miss Utility before posting signs for listed properties. In Virginia, the law requires that before digging any holes, the Division of Underground Utility and Ra...
  • HUD Announces EHLP Program to Assist Distressed Borrowers
    on Jan 1, 1970
    In late June, the U.S. Department of Housing and Urban Development (HUD), in conjunction with NeighborWorks® America, launched the Emergency Homeowners’ Loan Program to help homeowners who are at risk of foreclosure in 27 states across the country...
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