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February 2010
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Cure For Cabin Fever

Why don’t you join us on Tuesday, February 2nd for an informative program from Janet Yowell, Executive Director of the Edmond Economic Development Authority. Come and get the latest statistics and information about our great community. It’s information you need to share with your customers and clients. Haven’t made a reservation yet?  Email your reservation to staff@edmondrealtors.com or call 348-3032 before noon on Monday.  The buffet luncheon begins at 11:30am at Oak Tree Country Club.

January 31st, 2010 | Tags: , | Category: Uncategorized | Leave a comment

February Membership Luncheon

Economic Outlook for Edmond

Join us for the February membership luncheon on Tuesday, February 2nd, at 11:30am at Oak Tree Country Club. The featured speaker will be Janet Yowell, Executive Director of the Edmond Economic Development Authority. Ms. Yowell will be sharing economic trends for Edmond, as well as past and future indicators of our city’s financial well-being.

Reservations are requested. Please call 348-3032, or email staff@edmondrealtors.com  Cost is $16 with reservations, and $18 at the door.

January 26th, 2010 | Tags: , , , , | Category: Articles | Leave a comment

FHA Toughens Down Payment Rules

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced Tuesday.
The change is among a number of major changes the FHA is making to ensure its long-term financial soundness.
Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to put down only 3.5 percent. The changes are intended to shore up the agency’s finances.
The FHA also will increase its upfront mortgage insurance premium from 1.75 percent to 2.25 percent. The agency is expected to seek congressional approval to raise annual mortgage insurance premiums, paid by borrowers over the life of the loan, above the current 0.55 percent maximum. The amount it will seek has yet to be announced.
For more information on the FHA changes, including a summary of all changes, visit REALTOR.org.
Source: Reuters News, Corbett B. Daly (01/19/2010)

January 22nd, 2010 | Tags: , , | Category: Articles | Leave a comment

News from NAR

FHA Imposes Floor for 3.5 Percent Down
FHA today announced major underwriting changes to strengthen its reserves while maintaining the agency’s critical position in the mortgage market at a time when its federally backed loans comprise about 40 percent of the market. Among the changes: an increase in the up-front mortgage insurance premium by 50 bps to 2.25 percent; a FICO credit score floor of 580 for borrowers to qualify for the agency’s 3.5 percent minimum down payment (other borrowers must put down a 10 percent minimum); and a reduction in seller concessions from 6 percent to 3 percent of the mortgage amount. Access NAR’s brief on the FHA changes.

January 21st, 2010 | Tags: , | Category: Articles, Uncategorized | Leave a comment

Special Request from OCA

A blood drive for Denise "DeeDee" Dixon-Rund, President of Oklahoma City Abstract; will be held at the corporate offices of Oklahoma City Abstract & Title Co. on January 29th between the hours of 10:30am until 2:30pm .

Oklahoma City Abstract is located at 1000 West 15th Street in Edmond, which is near the southwest corner of 15th and Kelley.

We certainly hope you can participate in this drive even if you are unable to donate your own blood………we encourage you to tell others who are able to give blood as DeeDee has been diagnosed with an illness that  will require many transfusions.

Here are a few key facts to remember:

  • Donors blood type does not matter, as their blood may not go directly to her, but it will be transfused to others in need.

  • For every pint of blood raised on behalf of DeeDee, the hospital will take $20.00 off of each pint transfused to her.
  • Donors may visit any blood bank located in the State of Oklahoma to give blood on behalf of DeeDee. Please remember to tell the bank that you are donating for Denise Dixon-Rund, and she will be given proper credit.

In talking with the healthcare professionals who will be assisting in this effort, they have recommended that you eat a good meal at least six hours prior to giving blood. Also drink plenty of water within twenty-four hours prior to stay well hydrated.

We appreciate and value the relationship Oklahoma City Abstract has with the Edmond Board of Realtors, and we appreciate your support of our dear friend DeeDee.

THANK YOU!

January 13th, 2010 | Tags: , , , | Category: Articles | Leave a comment
 
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