This update brought to you by the Segway Property Solutions Team

FHA Head: Don’t Raise Down Payments
Now is not the time to raise the downpayment requirement on a Federal Housing Administration loan, warns FHA Commissioner David Stevens.

Stevens, testifying before a committee of the U.S. House, said his agency would probably insure 300,000 fewer home loans per year if the mandatory down payment was raised from 3.5 percent to 5 percent — a 40 percent increase.

Congress has been considering various ways to put FHA on a sounder financial footing. Besides increasing the downpayment requirement, another suggestion under discussion is raising the upfront mortgage insurance premium to 2.25 percent of the loan amount, up from 1.75 percent currently.

The National Association of REALTORS® also opposes the proposal to raise the mandatory down payment for an FHA loan. The FHA remains financially strong because it has taken steps to ensure solid underwriting standards and responsible lending practices, said Charles McMillan, NAR immediate past president, in testimony before the House Subcommittee on Housing and Community Opportunity.

“As the leading advocate for housing issues, NAR believes that one of the best ways Congress can help strengthen FHA is to quickly consider and pass legislation that would make current loan limits permanent,” McMillan said. “It’s important to note that higher balance FHA loans perform better than lower balance ones. While some argue that higher balance loans put taxpayers at risk, such loans actually strengthen the program and reduce risk to the fund.”

Explaining that FHA has played an important role in the recent housing and economic crisis by filing the gap left by private lenders, McMillan said FHA insured almost 30 percent of single-family mortgages in 2009 and more than 50 percent of first-time buyer loans. “Historically, FHA’s market share has hovered between 10 and 15 percent of all loans. And when the private market is strong enough to return, we welcome a reduced FHA market share,” he said.

McMillan said NAR was also concerned that FHA wanted to decrease seller concessions to 3 percent. Reducing seller concessions could put homeownership out of reach for many buyers, he said, because it could require buyers to pay more at closing.

Source: Associated Press, Alan Zibel, and NAR (03/11/2010)

The Self-Honoring Approach to Managing Time!

WEDNESDAY, FEBRUARY 17th, 2010 | 8:15 am – 12:15 am

I have had the awesome opportunity of getting to know Rene’ Johnson of Emerggy.com recently and I was given an opportunity to create some value in her life, and I jumped at the chance.

She is a powerful speaker, coach, and efficiency guru who was in need of some banquet/meeting space to hold her Time Management Seminar, and I was happy to assist her in using our banquet room at our Sandy office.

See an excerpt from her site below regarding this Wednesday’s seminar… A few members of my team and myself will be there, and hope to see you there!

***CLICK HERE TO SEE COMPLETE EVENT INFO AND REGISTER, PLEASE CLICK HERE***

The Self-Honoring Approach to Managing Time!

Managing your time with the Self-Honoring Approach is the “SOLUTION” to achieve your goals!! You’ll stop feeling overwhelmed and increase your available time…and much more!

Who Needs To Attend? Entrepreneurs, Leaders, Managers, Sales Agents, and any Serious Professionals who want to get back in the “driver’s seat” of their lives and confidently achieve their goals!

** MEN & WOMEN Welcomed!!

This is NOT your typical time management workshop – WHY?

It will change the way you think and look
at your priorities and help you accomplish
the goals you desire faster!

Feel free to contact me with questions or concerns… If you are interested in signing up, please contact me ASAP as we are offering a small discount (15% off) as the sponsor of the event.

S. Parker Smith

801-231-0130 | Parker@Segway8.com

April 30th, 2010 is going to be a HUGE day for Real Estate. There is a TON of buzz surrounding the TAX CREDIT and the exact terms of said credit.

Please view below this brief synopsis of the changes that were enacted and are still in full effect until this current TAX CREDIT runs out and expires, effective April 30th, 2010.

Not only do I share office space with them, but I also share an innate understanding of the way that they are operating their business.

These guys are value creators, and I am truly grateful to be a part of their sphere, and them be a valued part of mine.

They offer EVERY service that you might need online, from Web Design, Paid Search Advertising, SEO Work, Online Branding, the works. View their SERVICES page.

Feel free to contact them via their CONTACT US form on their Site.

Let them know that Parker Smith sent you, and they will surely give you fantastic pricing…

Onward & Upward…

S. Parker Smith

SEGWAY Property Solutions

SEGWAY Property Solutions is launching its new WEBSITE on Monday, FEBRUARY 1st, 2010

CHECK BACK OFTEN FOR LOCAL REAL ESTATE INFO, ACCESS TO UTAH’S ONLY SAFE/SECURE AND REALISTIC LEASE OPTION PROGRAM!

]]> http://www.Segway8.com/new-site-launch/feed/ 0