Fannie and Freddie have officially announced and launched Making Home Affordable Plan Program! Making Home Affordable program “looks the other way” with respect to falling home values, approving mortgage applications based on borrower payment history and benefit to the homeowner.
Monday, February 16, 2009
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The fannie_mae_logo1restriction reversal does come with new minimum requirements, however. Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home must meet the following standards, as set forth by Fannie Mae:
Wednesday, January 14, 2009
With a New Year brings New Guidelines. guidelines Many in response to HR 3221. This is not the all encompassing list of New Guidelines; just the ones I feel have a major impact on purchase and refinance transactions. (Read all of HR 3221)
Sunday, January 6, 2008
TODAY’S RATES ARE AS FOLLOWS 30 YR FIXED @ 5.625% 30 YR INT ONLY @ 6.625% 30 YR BOND PROGRAM @ 6.55% 30 YR FHA @ 5.75% Did you know…starting in 2008 Fannie Mae and Freddie Mac have started to implement loan level pricing adjustments based solely on FICO scores. Here is the following breakdown if your credit scores [...]
Sunday, January 6, 2008
TODAY’S RATES ARE AS FOLLOWS 30 YR FIXED @ 5.625% 30 YR INT ONLY @ 6.625% 30 YR BOND PROGRAM @ 6.55% 30 YR FHA @ 5.75% Did you know…starting in 2008 Fannie Mae and Freddie Mac have started to implement loan level pricing adjustments based solely on FICO scores. Here is the following breakdown if your credit scores [...]
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Thursday, April 9, 2009
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