The Federal Housing Administration plans to raise its mortgage fees next year in order to help avoid a taxpayer bailout, the Obama administration announced. A report last week revealed the FHA, which insures mortgages, faces a $16.3 billion deficit due to a rise in mortgage delinquencies over the last few years, particularly among loans that originated during the housing bubble from 2007 through 2009. FHA says it plans to raise its premiums on loans it guarantees by 10 basis points, […]

After 12 years in the real estate business it all comes down to a few basics for me. If your looking for someone to shoot strait with you and help you get buy or sell give me a call today! SUCCESS in any business comes not only from your head but also from your HEART. I BELIEVE in Real Estate, I BELIEVE in myself. I LOVE MY JOB, and I prove this to you through Results not Talk, Hype, or […]

My goal is to make the transaction as easy and stress free as possible. You work with me, not an assistant agent. I’ve lived in Albuquerque for over 30 years. I know the neighborhoods from the foothills to the Petroglyphs; the trendy hot spots like Nob Hill to the rambling Adobes and horse properties of Corrales by the river! I am committed to bringing you the best service possible. On a personal note, I really like Albuquerque for all the […]

The U.S. Department of Housing and Urban Development reacted to the Federal Housing Administration audit report, stating that a petition to Congress for a Treasury draw is not immediately needed. With the housing market still in recovery, the capital reserve ratio of the fund used to support single-family mortgage and reverse mortgage insurance programs dropped to a negative 1.44%, with a negative economic value of $16.3 billion. Given the downturn, this does not mean FHA has insufficient funds to pay for […]

The housing market experienced signs of recovery this year, but it’s far from out of the woods with 20% of mortgage borrowers still underwater, Federal Reserve Chairman Ben Bernanke said Thursday. The Fed Chair discussed housing and mortgage finance at the Hope Global Financial Dignity Summit in Atlanta. Bernanke said the Fed is pleased with the recent nine-month span of consecutive home price increases. But weak construction numbers remain a drag and “7% of mortgages are either more than 90 […]

Freddie Mac announced that it is offering $1,000 bonuses to real estate agents representing buyers of one of its HomeSteps REO properties. Listing agents may be eligible for $500. The agent bonus program applies to 20 states. To receive the bonus, offers must be received between Nov. 15 and Feb. 28, 2013. Closing must occur on or before April 15, 2013. Investor purchases, auction sales, and bulk sales are not eligible for the program. The bonus program, known as HomeSteps […]

Brodie has always had an interest in real estate investing – in early 2000’s, he obtained his real estate license, and worked for GMAC Real Estate. In just one year, he became Top Listing and Sales Agent for his office. Brodie always puts the concerns of his gay buyers and sellers first before anything else. He has the ability to council his clients on the ways of gay ownership in California and has done a fantastic job earning a 100% […]

In some cities, you can breathe a little easier. The maker of Honeywell air purifiers recently ranked the top cities with the best air quality, based on pollen counts, ozone concentrations, public smoking laws, green initiatives, and other factors. Here are the top 10 cities with the cleanest air: 1. Palm Bay-Melbourne-Titusville, Fla. 2. Cape Coral-Fort Myers, Fla. 3. North Port-Bradenton-Sarasota, Fla. 4. Honolulu 5. Tucson, Ariz. 6. Colorado Springs, Colo. 7. Albuquerque, N.M. 8. Seattle-Tacoma-Bellevue, Wash. 9. Charleston-North Charleston-Summerville, […]

The California Association of REALTORS® is calling for a change in leadership at the Federal Housing Finance Agency, mostly stemming over its pilot bulk sales foreclosure program, which CAR has called harmful to the housing recovery. CAR’s latest objection stems from the federal government’s Nov. 5 sale to investment firm Colony Capital, which took ownership of 970 foreclosed homes in California, Nevada, and Arizona in a recent auction. Colony Capital had the winning bid of $176 million for the Fannie […]

The median down payment sank to its lowest level since 2009, averaging 9 percent for home buyers this year, according to housing data by the National Association of REALTORS®. First-time home buyers’ median down payment was 4 percent and repeat buyers averaged a 13 percent down payment, according to the housing data. “First-time buyers historically make small down payments, but repeat buyers like to put down 20 percent if they can to avoid paying mortgage insurance,” says Paul Bishop with […]