http://heartlandmortgagecorp.com/blog Another weblog about the mortgage industry. Wed, 08 Jul 2009 16:27:14 +0000 http://backend.userland.com/rss092 en By now, you've probably heard a lot about the Home Valuation Code of Conduct (HVCC), which sprang out of a March 3rd agreement reached between the Attorney General of New York (Andrew Cuomo), the OFHEO, and Fannie Mae and Freddie Mac. To read it, click here. In the settlement agreement, the parties ... http://heartlandmortgagecorp.com/blog/2009/07/08/hvcc-an-unnecessary-evil/ The Rural Development Loan is available to borrowers in need of housing, even when they have owned a home in the past. The loan is also available to borrowers who currently have a home that is not in the local commuting area or is not structurally sound or functionally adequate. No ... http://heartlandmortgagecorp.com/blog/2009/06/04/usda-rural-development-loan-features-and-benefits/ Can you use the $8000 tax credit as downpayment? Technically you can get a bridge loan. Housing and Urban Development (HUD) has approved the use of a bridge loan but if you search their website for the Mortgagee Letter 2009-15 it is no longer available. If we have learned anything through ... http://heartlandmortgagecorp.com/blog/2009/05/19/questions-about-the-8000-tax-credit/ Assuming foreclosures are great deals. Just because the previous owner owed $450,000 on a house before the bank took it over doesn’t mean it’s worth that much now. Values have slipped significantly so you may not be getting the bargain you think with a foreclosure. Also, most homes owned by lenders ... http://heartlandmortgagecorp.com/blog/2009/05/05/common-mistakes-by-first-time-home-buyers/ Heartland Mortgage 9040 Executive Park Drive Suite 210 Knoxville, TN 37923 We hope this finds you in good health and good spirits. With all the changes that have come and are still happening in the mortgage industry, it becomes imperative to align yourself with companies who are not only good at what they ... http://heartlandmortgagecorp.com/blog/2009/05/05/open-letter-to-our-customers/