NEW FHA GUIDELINES | See the major changes that can affect your purchase loan

Posted Leave a commentPosted in Buy A Home, Market Reports, Mortgages

New FHA Guidelines On September 14 FHA issued a new handbook for FHA mortgages. You can download the new guidelines here. Some of the major changes are listed here below: Tax Liens ( Improvement):  Tax liens may remain unpaid if the borrower has entered into a valid repayment agreement and has made at least 3 […]

New Rules for Qualified Mortgages Arrive

Posted Leave a commentPosted in In the News, Market Reports, Mortgages

New rules for qualified mortgages took effect last week. Many lawmakers and mortgage industry leaders are showing concern that these rules could greatly restrict mortgage credit and negatively impact the housing recovery. These new rules for qualified mortgages are commonly referred to as QM rules. These are mortgages that meet the ability to repay rule […]

FHA Back to Work Lending Program: Now you can buy a home 1 year after Short Sale

Posted Leave a commentPosted in Market Reports, Mortgages

The FHA Back to Work Lending Program brings Good News for those who recently experienced a Short Sale, Foreclosure or Deed-in-Lieu on their home. The waiting period reduction affects people that lost their homes from either: Short Sales Foreclosure Bankruptcy Deed in Lieu of Foreclosure They used to have to wait several years before they […]

Learn about Buying a HUD Home at Chase Irvine Branch Aug 16

Posted Leave a commentPosted in In the News, Mortgages

Learn about Buying a HUD Home at our next Quarterly Buyer Outreach Event. Buying a HUD Home Where: Chase Bank  Culver and Deerfield Branch 15275 Culver Dr. Irvine, CA 92604 When: Aug 16,  9:30am – 2pm PLEASE VISIT US! We will be at the bank speaking to attendees about HUD Home-buying opportunities! We offer “HUD Homebuyer Education” for buyers […]

Chase Priority Partner Agent in Orange County | Chase Short Sales

Posted 1 CommentPosted in In the News, Mortgages, OC Info, Orange County, Sell Your Home

Jesse Madison is an approved chase priority partner agent for the Chase Priority Partner Short Sales Program under way in Orange County, CA.  Chase Bank has developed a program with selected few real estate agents to expedite their short sale process. As part of this program, I have been assigned Priority Status on Chase Short Sales, Chase Purchases or other loan programs […]