Nom de Plumber is a Nom de Plume. ———— FHA now requires condo boards to certify against borrower default risk. http://therealdeal.com/newyork/articles/new-fha-rules-cause-condo-headaches   “………, according to other critics, the new rules put board members into legal jeopardy by requiring them to sign certifications attesting that the condo documents [...]

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How much do you trust our financial system?  After reading these 2 articles, I might trust it a little less. – BC ———— This first article blew me away.  The biggest buyers of US treasuries (to finance the deficits) are interest rate swap dealers – who do not have to [...]

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email signup             Receive MNC in RSS news reader ———— (great summary and charts) FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick – By Peter G. Miller – Ourbroker.com ———— Maximum Conforming Loan Limits to Remain Unchanged in All Counties But One [...]

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email signup             Receive MNC in RSS news reader ———— (great presentation) Cashflow property rental income now counts toward qualification – by Irvine Renter – In a signifant change in lending standards, underwriters are now counting rental income toward income qualification. Since Las Vegas properties are all cashflow positive, it [...]

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