Independent PLAZA

Have the plaza almost 90% rented out. Actually 100% because the rest is not ready for rental! The plaza is looking great and the tenants are all happy!!

Looser Credit for Home Buyers
The coming reduction in insurance premiums on mortgages backed by the Federal Housing Administration will make these loans more attractive to the most creditworthy, lower-risk borrowers, according to an analysis by the Urban Institute’s Housing Finance Policy Center. The F.H.A., which secures loans with down payments as low as 3.5 percent, plans to cut the annual premiums charged to borrowers by 0.5 percentage point, effective Jan. 26. The reduction comes as Fannie Mae and Freddie Mac are extending credit to a similar audience with new conforming mortgage programs that allow as little as 3 percent down. Both changes will put homeownership within reach of more people. But lower premiums on F.H.A. loans will also make them more competitive with conventional loans requiring private mortgage insurance. Read the Full Story Here! - http://www.nytimes.com/2015/01/18/realestate/looser-credit-for-home-buyers.html?ref=realestate

Looser Credit for Home Buyers Credit is becoming more available thanks to reduced F.H.A. insurance premiums and new programs from Fannie Mae and Freddie Mac.

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