Monthly Archives: November 2013

ABC 33/40 covers new mortgage rules

New rules go into effect on January 10th related to getting a mortgage. Most of the rules just formalize the practices already in place–higher attention to a borrower’s debt ratios, insuring that a loan doesn’t have negative amortization and the … Continue reading

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More good news: Home sales up again in Birmingham.

The pattern of increased home sales in the Birmingham area continued in October, with 938 homes being sold in the Birmingham metro area. That’s exactly 100 more homes than were sold in the metro area in October 2012. The average … Continue reading

Posted in Fannie Mae, FHA Loans, Traditional Mortgages | Tagged , , , , , | Leave a comment