Will new restrictions slow the increase in FHA popularity? We all know that FHA Loans have increased in the past few years with the changing market, but how much? I recently ran some numbers on financial terms, a required field in RMLSweb, that may shed some light. These numbers are for the Portland metro area […]
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Distressed Property Update for Portland & Clark County
Categories: Clark County, Industry News, Market Trends, Portland, Statistics
21.9% of listings distressed in PDX, 31.7% in Clark County The latest report from the Mortgage Bankers Association indicated that the rate of foreclosure for people with fixed rate loans and good credit is on the rise. The AP reports that homeowners’ inability to keep up with payments is now more due to unemployment, rather […]
HOWNW.com Adds Section on Avoiding Foreclosure and Fraud
Categories: Homeownership, Industry News, Portland
PMAR’s public service website, HOWNW.com (Home Ownership Opportunities Northwest) has a new section that offers consumers information from reliable sources such as the National Association of Realtors®, the Federal Trade Commission, Fannie Mae and the Office of the Comptroller of the Currency about how to avoid foreclosure and fraud. To explore these useful new resources, […]
OREF: Be Aware of Disclosure Requirement That May Cause Closing Delays
Categories: Industry News, Oregon Real Estate
Our friends over at Oregon Real Estate Forms (OREF) have issued the following update about the disclosure of Annual Percentage Rate: OREF’s legal counsel, Phil Querin, advises all brokers in the state of Oregon to be aware of federal disclosure requirement that may cause a delay in closing. Under new rules enacted by the Federal Reserve […]