This is an eye opening explanation of why our financial systems are as messed up as they are. The government is in bed with the big banks (as if we didn't already know). This should outrage any self respecting tax paying citizen. Pass it on.
http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1386907
If you would like more information on buying shortsales and foreclosures, please contact Jennifer Manchester at www.JenniferManchester.com.
Jennifer specializes in helping people buy and sell Mint Hill, NC real estate, Matthews, NC real estate and Charlotte, NC real estate
I found out a few weeks ago that I was chosen to compete in the HP/REALTOR Magazine's marketing makeover. For the next 6 weeks they will challenge me to create different marketing materials using an HP Officejet Pro and Marketsplash an on-line marketing site sponsored by HP. The competition includes 5 other agents from around the country and every week we will be given a challenge to produce various marketing materials and submit them to HP. They will then load them on the HP/REALTOR Magazine contest site and open the site up so anyone can vote for their favorite entry. A panel of judges will also vote and at the end of 6 weeks a winner will be chosen and win an HP office worth more than $4000.00
The site will be up and running later today so check back for the link and be sure to vote, for me of course.
Jennifer specializes in helping people buy and sell Mint Hill, NC real estate, Matthews, NC real estate and Charlotte, NC real estate
If you would like to learn more about homes for sale in Mint Hill, NC, homes for sale in Matthews, NC or homes for sale in Charlotte, NC please visit my website at www.JenniferManchester.com
Federal Housing Administration (FHA) commissioner David Stevens on Wednesday unveiled a sweeping set of policy changes designed to address risk and strengthen the financial standing of FHA's insurance program, which guarantees FHA lenders against default-related losses.
Among the new changes announced Wednesday, FHA will increase the mortgage insurance premium by 50 bps to 2.25% - from 1.75% - effective in spring through a mortgagee letter.
FHA will also implement a new down payment system where borrowers only qualify for the 3.5% minimum down payment with a FICO score of at least 580. Borrowers with credit scores less than 580 will be required to put down at least 10%. Stevens would not comment on what percentage of FHA borrowers would fall under the latter category.
FHA will also reduce allowable seller concessions from 6% to 3% to make FHA's program consistent with the marketplace and reduce the risk of price inflation at the time of purchase.
Stevens said FHA will seek to increase its enforcement of standards on FHA lenders by first publicly reporting lender performance rankings as of February 1st. This will "hold lenders more accountable" and keep them informed of where behavioral expectations should be within their peer group.
FHA will be pursuing legislative authority to increase enforcement through additional amendment to the National Housing Act that would apply indemnification provisions to all direct-endorsement lenders and would essentially require lenders to assume liability for all loans they underwrite.
Stevens said FHA is also pursuing legislative authority that would permit it to establish separate "areas" for purposes of lender review and termination under the credit watch initiative. This initiative, he said, would let FHA withdraw originating and underwriting approval from a lender nationwide based on the performance of regional branches.
The changes reflect what Stevens stressed are the priorities at the FHA - to get the capital reserve headed back to the minimum requirement, to keep from disrupting the housing finance industry and to support under-served first time homebuyers.
This article was provided by DIANA GOLOBAY
Wednesday, January 20th, 2010
If you would like more information on the FHA loan program changes, please contact Jennifer Manchester at www.JenniferManchester.com.
Jennifer specializes in helping people buy and sell Mint Hill, NC real estate, Matthews, NC real estate and Charlotte, NC real estate
Jennifer Manchester recently earned the professional designation, "Graduate, REALTOR® Institute" (GRI), signifying mastery of an intense training program of classroom instruction.
The REALTOR® Institute is co-sponsored by the North Carolina Real Estate Educational Foundation and the North Carolina Association of REALTORS® and has been offered several times annually since 1948. It was the first of its kind in the United States and has served as a model for numerous other states.
REALTOR® Judi West CRS, GRI, ABR Mooresville, NC., President of the Foundation, noted "The REALTOR® Institute is the first level of formalized advanced education beyond licensing and provides REALTORS® and others associated with the real estate industry an opportunity to study the latest methods and proven practices for success in their business." Graduation from the program requires completion of more than ninety-hours (90) of course work and twelve (12) examinations on various aspects of the courses taken.
The GRI is a nationally recognized professional designation. The GRI curriculum and standards are governed by the National Association of REALTORS®, the nation's largest Trade Association with a membership of over One Million. On a national level only 19% of the REALTORS® hold this prestigious designation; Jennifer is one of a select group of North Carolina Real Estate Professionals who currently hold this designation.
You can contact Jennifer at JenniferManchester.com. Jennifer is a real estate broker specializing in homes for sale in Mint Hill, Matthews and Charlotte, NC.
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.
To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years. Charlotte, NC was ranked #2 in the country as a top market to buy a home.
If this is not another incentive for first time buyer's to get into the market now, I don't know what is. With the first time buyer's tax credit expiring April 30, 2010, interest rates dipping below 5% this week and the appreciation potential, buyer's may never get this opportunity again.
If you would like more information on the current market conditions in Charlotte, NC please contact Jennifer Manchester at www.JenniferManchester.com.
Jennifer specializes in helping people buy and sell Mint Hill, NC real estate, Matthews, NC real estate and Charlotte, NC real estate
Fairfield Plantation, Stallings - Announcing a price reduction on 15921 Fairfield Dr., a 1,900 sq. ft., 3 bath, 3 bdrm 2 story. Now 
MLS® $164,000 - New Price.
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1) The credit is phased out for individuals with income above $125,000 and for joint filers with income above $225,000.
2) An $8,000 credit is available to all first-time homebuyers. The tax credit will be extended upon enactment until April 30, 2010.
3) A $6,500 credit is available to homebuyers who have been in their current residences for the last five years or more. This will go into effect on the legislation enactment date.
4) The credit is available only for the purchases of principal residences with purchase prices of $800,000 or less.
5) The legislation incorporates a proposal in the Service Members Home Ownership Tax Act of 2009. This proposal eliminates the recapture requirement for military personnel, including members of the Foreign Service and intelligence community, who were forced to sell as a result of an official extended duty of service. It allows military personnel serving outside the U.S. for at least 90 days in 2009 or 2010 one additional year to qualify for the credit.
If you would like more information on the home buyers tax credit, please contact Jennifer Manchester at www.JenniferManchester.com.
Jennifer specializes in helping people buy and sell Mint Hill, NC real estate, Matthews, NC real estate and Charlotte, NC real estate
Cambridge 28215, Charlotte - The single story at 8601 Findon Pl has been sold. This is still a great time to buy with the first time home buyer tax credit extended until 4/30/2010. Please call Jennifer Manchester at 704-661-1147 if you would like to receive a list of similiar properties still available.
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Homebuyer Credit Gets New Life
Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Home buyers must be under contract by April 30, 2010, and close before July 1. House Democrats have expressed concern about the cost of the tax credit for the government, and allegations of abuse have resulted in an IRS probe of the program.
Source: Wall Street Journal, Corey Boles and John D. McKinnon (10/29/09)
If you would are a buyer or seller and would like to take advantage of this program please contact Jennifer Manchester at www.JenniferManchester.com
The Mint Hill Chamber held its business after hours at the Mint Hill Arts Gallery Sept 3, 2009. The featured artist this month was Marcus Hamilton who is an illustration artist. His many works include being a cartoonist for the late Hank Ketcham's "Dennis the Menace" as well as many magazine covers and story illustration. The work is a big hit with both children and adults and the business community enjoyed viewing the pieces as well as networking with each other and sharing some good food from the Mint Hill Deli. Signed prints from Marcus were available for $5 with all proceeds going to Mint Hill Arts.
The Mint Hill Arts Gallery was started 2 years ago with only about 7 members and has grown to over 200+ today. We are very fortunate in Mint Hill to have such wonderful residents who are committed to the community and our art gallery. From offering classes to both adults and children to the Friday night Gallery Crawl, Mint Hill Arts is a great organization as well as fun community entertainment. If you are in Mint Hill please stop by and visit the gallery or go on-line to www.minthillarts.org for a calendar of events.
Cambridge 28215, Charlotte - Announcing a new price on 8601 Findon Pl, a 1,500 sq. ft., 2 bath, 3 bdrm single story "Ranch". Now 
MLS® $128,000 - Elig for 100% Financing. Wow this home for sale can't be beat with it's new carpet and paint, it's ready for you. This is one of the best homes for sale in Cambridge and you won't be disappointed with the newly refurbished clubhouse and pool! If you would like a private showing of this home please contact Jennifer Manchester at www.JenniferManchester.com
This home qualifies for Buyer Job Loss Protection***. If you would like to learn more about this program or special financing deals that may benefit you please contact Jennifer Manchester, Broker, Home Staging Professional
***Restrictions Apply
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Ashley Creek, Matthews - Announcing a new price on 2001 Glendalough Ln, a 3,000 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $279,500 - Great home for the money. You have spoken and the sellers listened! Wall paper being replaced by neutral paint makes this home ready for you! This is the best home for sale in Ashley Creek, with Matthews Schools and taxes and just minutes from the Siskey Y, shopping and Ballantyne you don't want to miss out on this one. If you would like a private tour of this home in Ashley Creek please contact Jennifer Manchester at www.Matthews-MintHillHomes.com
This home qualifies for Buyer Job Loss Protection***
***Restrictions Apply
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Fairfield Plantation, Stallings - Announcing a brand new listing on 15921 Fairfield Dr., a 1,900 sq. ft., 3 bath, 3 bdrm 2 story. Now $179,900 - Great Value. This home is in the popular subdivision of Fairfield Plantation and boasts Union County schools and taxes. Staged by Jennifer Manchester and ready to show you won't be disappointed. This is the best home in the neighborhood with many updates and won't last long so hurry before the 1st time home buyer tax credit expires. Buyer job loss protection available with this home***
For more information contact Jennifer Manchester at www.JenniferManchester.com
***certain restrictions apply.
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Stutts Cove, Mooresville - We invite everyone to visit our open house at 134 Oasis Ln on August 9 from 2:00 AM to 5:00 AM.
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Cambridge 28215, Charlotte - Announcing a new price on 8601 Findon Pl, a 1,500 sq. ft., 2 bath, 3 bdrm single story "Ranch". Now MLS® $136,900 - Elig for 100% Financing.
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