Last week, I debuted as a housing contributor on Jim Cramer’s TheStreet.com. My first piece was on a critical consumer deadline coming June 3 that will make FHA mortgages much more expensive. To get an FHA loan, borrowers must first have an FHA case number, and lenders can’t get case numbers without first obtaining a full borrower application and following federally required disclosure processes. So anyone targeting FHA loans should apply with lenders by this Friday, May 24 to get in before the FHA fee changes.
The piece also includes an detailed overview and stats on the government’s role in housing.
Here’s the link: Last Call For Decent FHA Mortgages
My next piece will be an update on the state of the jumbo mortgage market.
I’d like to thank Rocco, Carlton and Cherella at TheStreet.com for bringing my housing content into the mix, and hope you follow along.
On that note, you can also check out the daily rate commentary I do with the MortgageNewsDaily MBS team over on their consumer rates section.