In mid-January, the Federal Housing Finance Agency (FHFA)announced further changes to Fannie Mae’s and Freddie Mac’s (the Enterprises) single-family pricing framework by introducing redesigned and ...

Governor Larry Hogan announced at the end of April that more than $200 million in financing tools and new programs will be made available to create new affordable housing opportunities in the ...

All homebuyersknow they should get a home inspection, but a common misconception is that yourhome inspector will also cover inspecting for termites. While home inspectorsmake a notation in the home inspection ...

Mortgage insurance is an additional cost that buyers will have to budget for in their total monthly costs when they are not able to put 20% or more down on the purchase of a home. Referred to as MI or ...

Earlier this month, Fannie Mae and Freddie Mac announced plans to impose a new 0.5 percent adverse-market fee on mortgage refinances starting Sept. 1.In most cases, this would cost homeowners thousands ...

Demand has been very strong in the Ocean City market over the past month due to both being in our spring market (although somewhat postponed due to covid-19) and historically low interest rates.With some ...

Some of the biggest misconceptions in buying a home are related to down payments and closing costs.The first misconception is that a down payment is the same thing as closing costs.Down payments are one ...

The National Association of Realtors® sent out a press release last week commending the Department of Housing and Urban Development for finalizingnew Federal Housing Administration condominium loan policies. ...

There is a Federal Housing Administration program that allows for the financing of a mobile home. It is called the Title I program, and it allows FHAapproved lenders to make loans from their own funds ...

The appraisal of a home is an important step in the real estate process, one that can certainly make or break a deal. An appraisal is a valuation of aproperty done by a professional, licensed individual ...

The Maryland Association of Realtors (MAR) makes great efforts in legislative advocacy at the state level, with a focus on supporting and developing legislationthat helps the real estate industry and ...

The Federal Housing Administration (FHA) issued a news release announcing its "Blueprint for Access". This blueprint outlines the additional steps the FHA is taking to expand access to credit for underserved ...

Many buyers are aware of both FHA 3.5 percent down loan and the USDA 100% financing loan. Both of these loans require upfront mortgage insurance fees aswell as monthly insurance premiums that can really ...

Real Estate Report: FHA Introduces Changes to Help Strengthen Its Financial Health.In a recent Housing of Urban Development (HUD) news release, a series of changes were announced that will allow the agency ...

Many buyers are aware of both FHA 3.5 percent down loan and the USDA 100% financing loan. Both of these loans require upfront mortgage insurance fees aswell as monthly insurance premiums that can really ...

Real Estate Report: Real Estate Rebound Buyers There is a contingency of buyers referred to as "rebound buyers" or "boomerang buyers"--these are the people who lost homes in foreclosures or short salesduring ...

Changes Affecting Home Buyers and Sellers: Various legislative changes and industry modifications are made throughout the year that can affect both homebuyers and sellers. Here are two of the moresignificant ...

Buyers looking to purchase a home with an FHA backed loan will continue to have more leeway to purchase directly from banks or investors with a recentdecision by the Federal Housing Administration to ...

Distressed properties—meaning foreclosures, bank-owned (REO) and short sales, where the property is being sold for less than the mortgage due—areundeniably playing a role in keeping our housing ...