David Saks: January 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2541

  #2541

When the FHA considers the application of the local loan ceiling for the making an FHA loan, the decision is based on both the costs of mortgage insurance and the debt-to-income ratio of the borrower.

Is this fact true or false ?

Please remember to take your time. The solution is posted below the wildlife photo.

wildlife

A. False

The FHA's decision to establish a loan ceiling for the purchase of a property is based upon the median housing costs of the region in which the loan is being applied for.




David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • January 27 2014 12:26AM
Real Estate Practice : Lesson 2541
share
#2541 When the FHA considers the application of the local loan ceiling for the making an FHA loan, the decision is based on both the costs of mortgage insurance and the debt-to-income ratio of the borrower. Is this fact true or false… more
Crye-Leike Real Estate Pulls Memphis-Area Listings from Zillow, Trulia
share
Crye-Leike Real Estate Pulls Memphis-Area Listings from Zillow, Trulia Citing concerns about the accuracy and freshness of listings and ads for competing agents on Zillow and Trulia, Crye-Leike Real Estate Services says it’s pulling… more
International Law Enforcement Efforts Result in E-Mail Hacking Charges
share
International Law Enforcement Efforts Result in Charges Around the World Against Operators and Customers of E-Mail Hacking Websites U. S. Attorney’s Office January 24, 2014 Central District of California.. more
Missouri Man and Woman Sentenced for Violating Civil Rights of Family
share
Missouri Man and Woman Sentenced for Violating Civil Rights of Family in Racially Motivated Arson U. S. Department of Justice January 24, 2014 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 .. more
Man Sentenced to 18 Months in Prison for Mortgage Fraud Scheme
share
Rockville Man Sentenced in Mortgage Fraud Scheme U. S. Attorney’s Office January 23, 2014 District of Maryland (410) 209-4800 GREENBELT, MD —U. S. District Judge… more
Financial Adviser Indicted on Mail Fraud and Bankruptcy Fraud Charges
share
Brockport Financial Adviser Indicted on Mail Fraud and Bankruptcy Fraud Charges U. S. Attorney’s Office January 23, 2014 Western District of New York (716) 843-5700 &… more
Man Indicted in Alleged $3. 2 Million Mortgage Fraud Scheme
share
Lake County Man Indicted in Alleged $3. 2 Million Mortgage Fraud Scheme Involving Properties in Chicago’s Englewood Community U. S. Attorney’s Office January 22, 2014 Northern District of Illinois (312) 353… more
Second Man Pleads Guilty to Fraud Involving Real Estate Loan
share
Second Man Pleads Guilty to Fraud Involving Real Estate Loan U. S. Attorney’s Office January 22, 2014 Southern District of Ohio (937) 225-2910 CINCINNATI—Dwayne… more
Former Virginia Governor and Former First Lady Indicted
share
Former Virginia Governor and Former First Lady Indicted on Public Corruption and Related Charges U. S. Attorney’s Office January 21, 2014 Eastern District of Virginia (804) 819-5400 .. more
Davenport Man Sentenced to 12 Months in Prison for Fraud
share
Davenport Man Sentenced to 12 Months in Prison for Wire Fraud and Money Laundering U. S. Attorney’s Office January 21, 2014 Southern District of Iowa (515) 473-9300 &… more