Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit.
March 31st is upon us and the Federal Reserve Bank is poised to pick up their marbles and go home. They’ve spent those 1.25 trillion dollars on all those U.S. mortgage-backed securities and now they’re getting out of the game. But who’s picking up the slack?
Here we go again! In the mortgage industry, mortgage brokers have seen as many interpretations of rules as there are actual rules that govern the home mortgage business. Seller paid contributions (money that can be allocated toward buyers’ expenses of everything from closing costs to pre-paids to escrows and are paid out of the sellers’… Continue Reading Mortgage Loans and Seller Paid Contributions