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ITCHIN’ & SCRATCHIN’: THE ASPCA SHEDS SOME LIGHT ON THE
CAUSES OF ALLERGIES
List of
recalled pet foods
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Helping Real
Estate agents help their clients with
financing.
Las Vegas
real estate market is constantly changing
and always presenting challenges to the
professional real estate agents. This
site will provide information to help the
real estate agent help their clients.
The happier client, the more referrals and
business for the you, the real estate agent.
Home Starts at 14-Year Low, Confidence
Record Low
According to the National Association of
Home Builders (NAHB), new home construction
fell to the lowest level in 14 years as
homebuilder confidence fell for the eighth
consecutive month to hit the lowest level
since the trade group began gauging
sentiment in 1985.
FHA Gives
Practitioners Chance to Help Past Clients
Real estate
practitioners with past clients who tapped
risky subprime mortgage financing for their
purchase have a reason to give those home
owners a call.
In a key policy
shift, the federal mortgage insurer FHA is
allowing subprime borrowers with good
payment histories and at least 3 percent in
home equity to refinance to safe FHA
financing.
The policy shift
— strongly supported by the NATIONAL
ASSOCIATION OF REALTORS® and put into effect
by the U.S. Department of Housing and Urban
Development in mid-July — is one of the
first tangible changes to come out of the
federal government's efforts to curb
defaults in the subprime market.
Defaults are
expected to rise significantly among
subprime borrowers in the next two years as
the low starter rates that lenders used to
lure customers expire and interest rates
move upward, making monthly payments
unaffordable for potentially millions of
borrowers.
Only a portion
of subprime borrowers who are facing
spiraling monthly payments will be able to
refinance into a government-backed loan
because of the payment-history and equity
restrictions imposed by FHA . But for those
who qualify, the new policy opens the door
for borrowers in high-risk financing to move
into a fixed, long-term mortgage that's far
safer.
That option is
something practitioners will want to pass
along if they have past clients who tapped
subprime financing and now might be facing
payment pressure from higher interest rate
payments.
Details of the
new policy, called FHASecure, are available
in a
HUD Mortgagee Letter.
You can also read NAR's statement in support
of the program on
REALTOR.org.
—
REALTOR® Magazine Online
One of the greatest Presidents of our nation
had been plagued with set backs until he
finally won. He changed our nation for the
better and helped to make it the great
nation it is today.
The
Portrait of an Achiever
1832 Failed in Business, filed for
Bankruptcy
1832 Defeated for Legislature
1834 Failed in business, filed for
Bankruptcy
1835 Fiancée died
1836 Suffered a Nervous Breakdown
1838 Defeated in an Election
1843 Defeated for U. S. Congress
1848 Defeated for U. S. Congress
1855 Defeated for U. S. Senate
1856 Defeated for Vice President
1858 Defeated for U. S. Senate
1860 Elected President of the United States
Abraham Lincoln
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