FHA concessions of 6% to disapear soon. (Seattle Times)

Days numbered on 6% FHA concessions By Kenneth R. Harney Syndicated columnist WASHINGTON One of the key attractions of FHA home-mortgage financing is going, going, but not quite gone. Sellers and buyers who move fast can still make the most of it. Sometime this summer, the Federal Housing Administration plans to slash maximum “seller concessions”… Read More

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Short Sales Standarized Plan (Seattle Times)

Standardized short-sale plan may relieve big headache By Kenneth R. Harney Syndicated columnist WASHINGTON — If you’re in trouble on your mortgage and can’t get a loan modification, check out the Obama administration’s new standardized short-sale plan scheduled to roll out during the coming months. The program, outlined Dec. 1 by the Treasury Department, is… Read More

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