In a landmark decision today, Monday June 29, 2020, the United States Supreme Court ruled the structure of the Consumer Finance Protection Bureau, (CFPB) unconstitutional. They also diluted the protection of that department's leadership role by giving the President of the United States power to … [Read more...]
Beware of Tax-Related Identity Theft
Tax season is here and it is more important than ever for Americans to be alert for tax-related identity theft and to know the signs that your private information has been stolen. Criminals attempting to steal your tax refund, will fraudulently file your tax return early with the plan to claim your … [Read more...]
Colorado Is Second With Highest Housing Shortage Nationwide
America’s housing market is undersupplied by 3.3 million units, and the shortage is getting worse every year, Freddie Mac said in a report on Friday according to Kathleen Howley in her March 2, 2020 Housing Wire article. “New housing supply is not keeping up with rising demand,” said Sam Khater, … [Read more...]
Conforming Loan Limits JUMP UP AGAIN in 2020
Conforming Loan Limits will JUMP UP AGAIN in 2020. The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most of the U.S., the 2020 maximum conforming loan limit will be raised to $510,400, up … [Read more...]
FHA moves to limit cash-out refinances
For the first time in a decade, FHA cash out refinance limits have been slashed from 85% to 80% of your home's value. If this 5% cut won't help you achieve your goals then let's see if you are able to consider other loan programs that may provide the cash you need. Call us to discuss your options … [Read more...]
