Home Buying » Federal Title & Escrow Company

DC wants to ‘Open Doors’ to potential home owners

Written by Federal Title on 2013-09-17.

A new program from the DC Housing Finance Agency (DCHFA) called ‘DC Open Doors’ seeks to make homeownership in the District even more affordable. This new program offers qualified homebuyers a variety of mortgage loans, including FHA and...

FHA issues new rule on foreclosure, bankruptcy and short sale waiting period

Written by Federal Title on 2013-09-10.

In its August 2013 Mortgagee Letter, the Federal Housing Administration (FHA) issued updated guidelines for giving an FHA-insured mortgage to borrowers who may otherwise be ineligible as a result of its post-bankruptcy, foreclosure or short...

How to estimate closing costs when buying a new home

Written by Federal Title on 2013-09-04.

The searching is over. The bank has been contacted. The offer has been accepted, and now the dream of owning your new home is coming to fruition. So, what are the typical closings fees that you can expect to pay as part of your upcoming settlement?...

The bait ‘n’ switch continued…

Written by Federal Title on 2013-08-27.

In Part 1, we looked at a scenario where a purchaser (Offer B) was attempting to switch from an “all cash” purchase to using lender financing under the GCAAR Regional Sales Contract, after the contract had been ratified. We concluded...

Another driver of increased closing costs – Marketing Service Agreements (MSAs)

Written by Federal Title on 2013-08-15.

Affiliated Business Arrangements (ABAs), once known as Controlled Business Arrangements (CBAs) are becoming a focus of the Consumer Financial Protection Bureau (CFPB). Recent efforts by the CFPB, evidenced by enforcement actions and resulting...

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DC wants to ‘Open Doors’ to potential home owners

FHA issues new rule on foreclosure, bankruptcy and short sale waiting period

How to estimate closing costs when buying a new home

The bait ‘n’ switch continued…

Another driver of increased closing costs – Marketing Service Agreements (MSAs)

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