blue sky REI Weblog

Real Estate Investing – The "Alternative Media" For Serious Real Estate Investors

• Deed-For-Lease: How Does It Effect Real Estate Investors? November 10, 2009
  Thursday, Fannie Mae announced their new “Deed For Lease” program, through which home owners facing foreclosure can deed their property to Fannie Mae in exchange for a 1-year lease (with likely extensions) at current market rates.  This program is expected to only be available to those who have tried and failed at other solutions such [...]
• FHA Streamline Refinance Program : There’s 5 Days Left November 10, 2009
  Consider this a last call for FHA Streamline Refinances. Starting next Tuesday, the popular rate-lowering program gets strict on borrowers. There's 5 days left. Under the current streamline refi guidelines, FHA homeowners have minimal program eligibility requirements. FICO scores must be 620 or higher The refinance must provide a "tangible benefit […]
• What’s Ahead For Mortgage Rates This Week : November 9, 2009 November 9, 2009
  Mortgage markets were extremely volatile last week, carving out a wide range between Monday and Friday. Thankfully for rate shoppers, the overall momentum was positive. Mortgage rates fell for the second time in as many weeks. Rates still sit higher versus their early-October lows. For pure "news", last week was a busy one: The Federal Reserve held […]
• Congress Expands And Extends The First-Time Home Buyer Tax Credit November 6, 2009
  Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. The White House says the President will sign it into law today. The up-to-$8000 tax credit's expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010. The program's basic […]