Larry "Fly" Young Brentwood Real Estate

June 2008 - Posts

• FHA to Switch to Risk Based Mortgage Insurance Premiums

  Beginning July 14, 2008 the premium paid for mortgage insurance (MIP) on FHA backed loans. The monthly MIP will increase from .50 percent to .55 percent on all loans without a case number assigned before July 14, 2008. In addition, the Up-Front Mortgage Read More... Posted Saturday, June 21, 2008 7:35 PM by Larry Young | 1 Comments Filed under: Real Estate, Announcements, Finances, Buyer Information, FHA

• Has East Contra Costa Seen The Worse Yet?

  A recently published article in the Brentwood Press is amongst the first signs that our media is beginning report that Brentwood and East County may be through the worse part of this market and some of the results of the planning by Brentwood's elected Read More... Posted Saturday, June 21, 2008 7:05 PM by Larry Young | 0 Comments Filed under: Real Estate, Buyer Information, Community Information, news, short sales. foreclosures

• Bankruptcy Judge Denies Lenders Right to Collect on Stated Income Debt

  A Northern California bankruptcy judge recently ruled that a lender could not collect on a stated income mortgage loan even though the borrowers lied in their application. Please click on the following link for additional information: http://www.bankrate.com/brm/story_content.asp?story_uid=25550&prodtype=mt Read More... Posted Wednesday, June 04, 2008 11:46 AM by Larry Young | 1 Comments Filed under: Real Estate, Announcements, Finances, Foreclosures, news, short sales. foreclosures