Oregon Experiences “Boomerang Buyer” Boom

According to Best Rate Home Loans, borrowers in Oregon have begun buying homes once more, and are taking advantage of foreclosure and short sales to save an average of $57,000. Many borrowers who have previously been through a short sale or foreclosure are now eligible for an FHA loan, and are becoming so called ‘boomerang buyers.’

New FHA Rule Could Deny Mortgage Backing to 50% of Potential Buyers

Experts say that a new ruling by the Federal Housing Administration is likely to rule out thousands of potential buyers from securing a government-backed mortgage when it comes into force next Monday.

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