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Conforming Loan Limits Unchanged For 2012
2011-11-25 14:45:00 In 2012, for the 7th straight year, the national, single-family conforming mortgage loan limit will remain at $417,000.
Things That Make Your Head Explode
2011-09-02 23:05:00 Broke government sues broke banks for mortgage fraud. Guess who pays no matter the outcome. Plus... How can you roll dice and come up with 0? Easy, get a job with the BLS...
Fannie Mae And Freddie Mac Are Toast
2011-02-13 00:39:00 There has been an awful lot of discussion in the last couple of days about the fate of Fannie Mae and Freddie Mac, the government sponsored entities that have been providing liquidity to the mortgage market for decades. Thankfully, it appears more and more likely that these two black holes will be dismantled. Yesterday morning the Treasury Department issued a press release on behalf of the Obama administration outlining their plan for winding down Fannie Mae and Freddie Mac. I won't regurgitate the entire proposal here (you can just as easily click on that link) but I will point out that the key concept is to start by more appropriately shifting the risk back to the homeowners and the...
Lessons Learned, Lessons Ignored
2011-02-11 23:29:00 Mubarak learns his lesson, but the U.S. Treasury forges on in ignorant defiance: The 5 picks apart Fannie/Freddie ?reform.? Chris Mayer squares the perky quarterly earnings reports with the lousy jobs picture. Dutch court orders pension fund to sell most of its gold holdings... while China looks to bulk up to Fort Knox proportions. Is Glenn Beck following our work? Striking visual evidence. ?Watch the earnings in 2012? and other sage advice from your fellow readers.
Loan Costs Increasing April 1, 2011
2011-01-06 14:46:00 Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.
The Subprime Debacle: Act 2, Part 2
2010-10-26 12:02:00 At the end of last week’s letter on the whole mortgage foreclosure mess, I wrote:“All those subprime and Alt-A mortgages written in the middle of the last decade? They were packaged and sold in securities. They have had huge losses. But those securities had representations and warranties about what was in them. And guess what, the investment banks may have stretched credibility about those warranties. There is the real probability that the investment banks that sold them are going to have to buy them back. We are talking the potential for multiple hundreds of billions of dollars in losses that will have to be eaten by the large investment banks. We will get… . . . → Full Story: The Subprime Debacle: Act 2, Part 2
By: Jutia Group
The 259 Million Dollar Bailout of Fannie Mae and Freddie Mac
2010-10-25 18:38:00 It looks like a major fiasco involving two well established mortgage giants Freddie Mac and Fannie Mae may wind up costing the American people nearly 259 million dollars. That is twice what was thought to be the original cost. It has been discovered that the 135 million dollars originally calculated was well off this latest figure given. If the housing market does not remain flat then even more money will have to be shelled out on top of the $148 billion already paid to keep Fannie and Freddie above water. They, in return, have paid back a mere 13 billion so far. Should the economy start to change rapidly that will change this scenario very quickly. The two harried companies could be in big trouble if they have difficulty collecting money on late foreclosures. This will force tax payers to step in and provide much needed aid to both companies. These figures released today were the first ones the Federal Housing Financing Agency projected could happen if the current downtrend contin...
?Fixing? American Housing
2010-08-12 22:08:00 Washington?s housing fix? Brace yourself for next Tuesday, and next January. How to play D.C.?s next round of meddling in the mortgage market. ?The worm has turned? -- Sarnoff on the big sell-off. Dual risk trade of 2010 back on? Buy the dollar, says our currency adviser. More about Glenn Beck: Readers urge us to be ?more tolerant? of the ?almost psychotic.?
FNMA 'Fannie Mae' Economic Summary for First Quarter 2010
2010-05-20 00:20:00 The summary is that there will be continued growth for the rest of the year with steady growth in employment, but that the housing industry will stay a little soft due to the fact that the First Time Home Buyer incentive expired as of the end of April.
Rep. Peter Roskam (R-IL) on Fannie Mae and Freddie Mac
2010-05-15 22:26:00 -By Representative Peter Roskam In the last week, the government-backed mortgage finance giants Fannie Mae and Freddie Mac asked the taxpayer for $19 billion to stay afloat. Add that to the $127 billion in bailouts they have already received since September 2008, and we are now talking about a whopping $146 billion of your hard-earned tax dollars being used to prop up these failed entities. In more than a year and a half we have heard nothing from the Administration about a plan to implement real reforms to stop the bleeding. This Democratic Congress, in the midst of a debate on financial regulatory reform, is completely silent on the issue. Instead of showing leadership on this issue, the Democrat Majority...
Which stocks are correlated with Fannie Mae (FNM)?
2009-09-21 00:17:00 Federal National Mortgage Association Stocks with positive correlation with FNM over the past 200 trading days JEN 0.90- FRZ 0.90- PREM 0.9-0 YMI 0.90- SALM 0.8-9 Stocks with positive correlation with FNM over the past 100 trading days FNA 0.99- XJT 0.96- RAS 0.95- AXPW 0.9-5 YMI 0.94- Stocks with positive correlation with FNM over the past 30 trading days FNA 0.97- WCRX 0.9-5 SL24 0.9-4 IFP 0.94- HPOL 0.9-4 Stocks with positive correlation with FNM over the past 10 trading days QILFF 0.-96 FNA 0.96- XNCP 0.9-5 RTWW 0.9-5 SQMCY 0.-95 Stocks with...
Bush, McCain, Greenspan warned of financial problems
2009-04-11 05:44:00 PLEASE Share BEFORE IT IS REMOVED!! This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was Coming, if something was not done. But Congress refused to listen, along with the arrogant Congressman, Barney Frank. This video says it all. The liberal media reportedly did not want this video ...
By: TexasFred's
General Motors CEO Rick Wagoner To President Obama: We Need Government Fina
2009-03-30 06:06:00 GM CEO Rick Wagoner’s Focus On Building Crappy Gas Guzzling SUV’s Earns Him A Surprise Trip To The Unemployment Line When He Grovels For Gub’Mint Bailout -slash- Stimulus funds I love it. I can just hear it now — if I could’ve only been a fly on the wall (The... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
Fannie Mae Brings Some Ray of Hope for the Home Owners
2009-01-16 14:05:00 Fannie Mae, one of the major government aided enterprise of America has launched a new program to prevent further foreclosures in the state. This program allows short sales of homes, in which the mortgage companies allow the homeowners to sell off their properties for a lesser value than existing loans. The number of mortgage defaulters has ...
Obama Fannie Mae Chicago Home Mortgage $903,000 over Legal Limit
2008-12-14 23:35:00 Obama’s Chicago Home: Fannie Mae Mortgage Loan Amount Listed at $1,320,000 Relativity by E. M. Escher While researching an article about Obama’s Chicago home about the circumstances surrounding who is the “owner”, I happened across a bit of information: Obama’s home has a Fannie Mae-Freddie Mac mortgage to the tune of $1,320,000. (Page 5 of Cook County Property ...
CEOs of Freddie Mac and Fannie Mae Meets to Discuss on Foreclosure
2008-10-24 15:43:00 Newly elected chief executive David Moffett of Freddie Mac and Herbert Allison of Fannie Mae are trying to find out ways of preventing the problem of home foreclosures. However, they say that this real estate crisis will take a few more years to get over. In an annual convention held on October 20, Moffett said, ...
Follow the Money: How Fannie Mae Bought the Democrat Party
2008-10-05 00:54:00 Technorati Tags:: Corruption, Democrat, fannie mae, Freddie Mac BitsBlog Tags: Democrats, Freddie Mac, fannie mae, Corruption, Democrat Related posts Who is Responsible for the Meltdown, Redux (0) Nightly Ramble:More on the Debate; More (1) Nightly Ramble:Bailout Mania And Minutiae; Take the Gloves Off, Senator; More (0) When the Democrats Play Dirty Tricks on Each Other, the Loyalists Blame the Republicans. (1) What_are_the_Swamp_Stompers? (0) Wading Through a Series of Unattractive Options (1) Voter Fraud, Motor Voter, Spitzer, And the Democrats (2) Trent Lott Out? (0) Times Figures It Out: Spitzer Pushed Staff’s Effort to Smear Bruno (0) The Sleeze Oozes From Eliot Spiter’s Office (0)
By: BitsBlog
Fannie Mae Bad Credit Loans
2008-10-03 06:50:00 direct bank cash advances bad credit private car loans no fax no phone calls quick loans credit based student loans ripoffreport quicken loans customer review of ge money loan loans to assets ratio citifinancial auto no call used car loan payday advances through moneygram fbad credit loans payday loans in glasgow 1000 dollar payday loans absolutely no credit check loans direct payday lenders online- cash voucher from hfc instant cash loans india
By: Mobiac
McCain Calls Out Obama?s Fannie Mae Friend
2008-09-19 17:19:00 Awesome. It is about time the McCain campaign starts informing people about who Obama’s “trust circle” really is. After all, the Liberal Media won’t do it. I’m hoping for an Obama-Bill Ayers commercial soon, too. -Bruce (GayPatriot)
By: GayPatriot
McCain has a Plan!
2008-09-19 01:06:00 John McCain took his strongest economic stand yet in the midst of our tumbling markets. Calling for the firing of SEC Chairman Christopher Cox for “betray[ing] the public’s trust.” McCain said the SEC allowed abusive short-selling on company stocks turning “our markets into a casino.” According to the WSJ: “Short-sellers have been blamed ...
By: shyspeak.net
McCain and Obama Fiddle While America Burns
2008-09-18 03:33:00 The Dow has dropped 800 points in the last three days and what are McCain and Obama doing? Blaming the other party, of course. Listen to McCain and he’ll tell you the current crisis is all the Democrats fault, and listen to Obama and the blame lies with the Republicans. I say, ...
By: shyspeak.net
Theme-Song to the Bail-Out of Fannie Mae and Freddie Mac
2008-09-10 22:59:00 Take a load off Fannie…And you put the load right on me…
The Fall of the Giants
2008-09-09 16:19:00 Back on the job? USA Today was in a blue mood on Friday. The stock market fell more than 300 points the day before, after its reporter realized that falling commodity prices were not necessarily such good news. “Investors fear that crashing…
By: Jutia Group
Fannie Mae and Freddie Mac needed a boost
2008-09-08 17:41:00 After five years of corporate scandals, from Enron to Tyco, then the foolish Sarbanes Oxley law that increased the cost of doing business and accomplished nothing ... we finally get to an important step in the housing recovery.Fannie Mae and Freddie Mac didn't cause the housing bubble, if there was one, or the related over-reaction of the banks and credit markets to value problems. They exist to create liquid markets for mortgage securities. The government can step in, calm the markets and restore some liquidity to credit in general, then reorganize and step back out. If the end result of all this is a profit to the Federal Government, like the Chrysler bail-out, then better yet. I posted on Active Rain with quotes from negative economic types, but it is my firm position that we are well on our way to a massive housing recovery. If you are thinking about buying, do it, because we've just dipped back below 6% on mortgages and the markets may have hit their price bottoms.
By: Synergy Thoughts
Palin Confuses Freddie Mac & Fannie Mae and Government Role - First Gaffe
2008-09-08 02:52:00 Well, McCain campaign advisor Todd Harris said they didn't want Alaska Governor Sarah Palin to make a mistake early on, and that's exactly what happened today. Palin, commenting on the news that the Federal Goverment was going to take over the poortly performing loan organizations Freddie Mac and Fanny Mae, apparently did not know that the firms were privately owned and held. Palin said this, as written by the McClatchy Washington Bureau: McCain's running mate, Alaska Gov. Sarah Palin, speaking in Colorado Springs, Colo., said Fannie and Freddie had "gotten too big and too expensive to the taxpayers." The companies, however, aren't taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization.It's this basic lack of knoweldge of Federal Government operation that both Obama / Biden supporters and GOP backers who questioned McCain's logic in selecting Palin are concerned with. Palin has no experience in t...
Are the Sub-Prime, Northern Rock, Fannie Mae and Freddie Mac fiascos connec
2008-07-31 21:34:00 Nearly ten years ago a Vicar told me that 80% of the couples he married said they were cohabiting. He added that he thought 50% of the rest were not telling the truth. He was exaggerating, but had spotted a trend. At about the same time, when I asked a Superintendent Registrar whether she thought banks ...
Fannie Mae, Freddie Mac Accelerate Foreclosure Aid Plan
2008-07-25 18:55:00 The Bush Administration is trying to save mortgage giants Fannie Mae and Freddie Mac, in order to prevent the nation?s economy crashing in mortgage defaults. The President and the Senators are eagerly waiting to pass a foreclosure aid plan. It would help 400,000 real estate owners in getting affordable fixed-rate loans. The White House approved ...
Fannie Mae and Freddie Mac
2008-07-17 09:54:00 Why should the world be concerned about these US housing mortgage companies? health? It was on 13th July that we noted first about them. Look at it here. Their full names are Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). One can?t help but feel a sense of déjà vu when reading about them again and again. The figures being reported about their liabilities keep going up. The two institutions are now reported to have bought or guaranteed almost half the $12 trillion housing mortgages. As government-sponsored entities, their debt had been regarded as almost as good as gilts and hence is held by many central banks worldwide. Amazingly, it now transpires that their direct and guaranteed liabilities were almost 65 times their regulatory capital at the end of the first quarter. The US government is trying to rescue the mortgage giants whose shares came under acute selling pressure last week on fears that th...
By: Discover It
Fannie Mae and Freddie Mac
2008-07-17 09:54:00 Why should the world be concerned about these US housing mortgage companies? health? It was on 13th July that we noted first about them. Look at it here. Their full names are Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). One can?t help but feel a sense of déjà vu when reading about them again and again. The figures being reported about their liabilities keep going up. The two institutions are now reported to have bought or guaranteed almost half the $12 trillion housing mortgages. As government-sponsored entities, their debt had been regarded as almost as good as gilts and hence is held by many central banks worldwide. Amazingly, it now transpires that their direct and guaranteed liabilities were almost 65 times their regulatory capital at the end of the first quarter. The US government is trying to rescue the mortgage giants whose shares came under acute selling pressure last week on fears that th...
By: Discover It
Is it time to phase out Fannie Mae?
2008-07-14 17:59:00 My first gut reaction is NO!But, I have to balance my 20 years in the home building and real estate industries with my highly cognizant political philosophy of smaller government and free enterprise.While reading The Foundry today I was struck by the message, namely that Fannie Mae and Freddie Mac may have outlived their life expectancies. Would a free market entity be able to borrow at lower than market rates? NO Has this benefit to housing outlived its usefulness?I know, I know, we want to increase liquidity of the mortgage securitization markets, that's been the mantra for years. But did liquidity and securitization obscure the true cost of big government keeping it's fingers in home ownership?Update: Great post on Calculated Risk on FNMA and who's fault it is. I may disagree a bit with the author, who tends to level a lot of blame, but agree actually with the original article he calls out by Paul Krugman. Read up and let me know where you land?The Left's Crony Capit...
By: Synergy Thoughts
Fannie Mae, Freddie Mac Revise Policies
2008-05-31 01:37:00 This just in from Darin Marquardt of Chase Home Loans:Fannie Mae and Freddie Mac have recently announced that they are eliminating their declining market policies beginning June 1st. Additional details will be provided when they are received from the Agencies. It is important to note that the mortgage insurance companies still continue to underwrite loans to their declining market polices, so MI restrictions will still apply for now. In light of the Agency announcement, Chase plans to eliminate the Agency declining market policy in an upcoming release. Until further notice, loans should continue to be decisioned per posted policies and product guides.To get prequalified, click here.
?Declining home prices, not over? ? CEO (Fannie Mae)
2008-05-26 20:05:00 For the CEO of Fannie Mae, the housing crisis is only halfway through. In fact, in a meeting with shareholders, President Daniel Mudd stated that home prices are likely to decline further, by as much as 25 percent.
Las Vegas Bank of America?s Fannie Mae MyCommunityMortgage® Program
2008-05-23 19:36:00 Bank of America’s Fannie Mae MyCommunityMortgage® Program is an affordable mortgage program designed to meet your low-to-moderate income clients’ needs when they have limited funds available for a down payment. • Minimal down payment required• Low mortgage insurance • Flexible underwriting guidelines • No income limits in select designated locations (determined by Fannie Mae) • Extended terms available to help meet your clients’ budget needs – available on our fixed-rate, interest only, or fully amortizing adjustable rate mortgages (ARMs) Available for borrowers with incomes at or below 100% of the area’s median income,1 purchasing in a FannieNeighborsTM designated area or are refinancing. Borrowers must meet income or property eligibility guidelines. Additionally, this program offers enhanced guidelines to teachers, police officers, firefighters, healthcare workers, military personnel and borrowers with a disability2. We&rs...
Are Fannie Mae and Freddie Mac A Danger To US Economy?
2008-05-19 11:35:00 When trying to see the long term implications of the housing slowdown and the credit crisis, you have to put the 2 quasi governmental lenders front and center in the discussion. Fannie Mae and Freddie Mac combined provide the support structure for mortgage lending in the United States. Be it setting benchmarks on lending or ...
Fannie Mae: Building The Underwater Mortgages Of Tomorrow
2008-05-19 09:01:00 Fannie Mae continues to trod where other lenders don’t dare to tread- they are no longer worrying about loaning in "declining markets": WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. Starting June 1, 2008, Fannie ...
By: HousingDoom
Fannie Mae Backs Away From ?Declining? Markets
2008-05-19 06:37:00 Last year both Fannie Mae and Freddie Mac, the big buyers of local mortgages, decided that falling real estate values required a change in the way they underwrite mortgages: In areas they identified as “declining” markets buyers would need an additional 5 percent down. For reverse mortgage borrowers the new policy has been troubling. Why? Because ... read more
NAR's many updates from Mid Year, Gateway, Fannie Mae, Credit Union and muc
2008-05-19 02:32:00 The "Gateway" is now called "Real Estate Library / Archives" is proceeding. The goal is make a place that Realtors® only can access to receive any and all information (taxes and history) on any given property. The start up funding was approved last year, at this meeting they approved moving forward to negotiate with a provider to provide a working model. http://www.realtor.org/realtora-e.nsf/pages/webcast?OpenDocumen-t#warch Immigration: NAR approved "Immigration Statement of Principles". In simple text, NAR supports legal immigrants owning real estate. NAR also supports borders controls to stop illegal immigration. Election process changes: Too many to type, please see www.Realtor.org for details. This doesn't really affect us at the local level. 2009 National Association of Realtors® Leadership: President: Charles McMillan, Irving, Texas President-Elect: Vicki Cox Golder, CRB, Tucson, Arizona Firs...
Fannie Mae Announces Single National Down Payment Policy
2008-05-17 20:20:00 Replaces Policy Regarding Markets Where Home Prices are Declining. WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced yesterday a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. Starting June 1, 2008, Fannie Mae will accept up to 97 percent loan-to-value ratios for conventional, conforming mortgages processed through its ...
Fare play from Fannie Mae
2008-05-17 01:06:00 Down payments are equalized across the country Fannie Mae today announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. A conventional mortgage is one which the interest rate does not change during the entire term of the loan. A conforming loan is one which meets the standards of the lender. Starting June 1, 2008, Fannie Mae will accept up to 97 percent loan-to-value ratios for conventional and conforming mortgages processed through its Desktop Underwriter® automated underwriting system, and 95 percent loan-to-value ratios for loans underwritten outside of Desktop Underwriter, in all geographic locations in the United States. The new national down payment policy will supersede the policy the company adopted in December 2007 that required higher down payments in markets where home prices are declining. The stimulus package pass...
Fannie Mae Reverses Decision on Declining Markets
2008-05-16 18:08:00 In surprise move, Fannie Mae has reversed its policy on down payments in declining markets. The earlier policy move forced home buyers to put extra money down, 10%, to buy a home.The new policy puts the down payments at 3%-5%, though mortgage insurers won't do 97% loans any more.Washington-based Fannie (FNM, Fortune 500) says the move is part of its effort to help resuscitate the flagging mortgage market.This actually makes a little bit of sense as declining markets become a self-fulfilling prophecy, especially if loans are harder to get. This is the first sign of credit loosening in the mortgage markets.On a related note, I'm getting feedback from buyers and real estate agents in Las Vegas that there is a buying frenzy on bank owned homes. One client I'm working with is facing multiple offer situations on every home he's bid on. His agent claims this is common in the area. Buying sentiment has shifted positive as prices have come down.I'm hearing the opposite in Salt Lake...
Venice Surf Report 05/07/08 Fannie's Freaking Fabulous
2008-05-07 16:11:00 Guess what? Low tide, drained out crap again this morning!I know, I was as shocked as you. But with a -1.6 ft low at 5:40 well, there ain't a whole lot of water for the minimal swell to work with, and as a result anything with any size (i.e. knee high+) hits the outside bar, jacks up and falls on dry sand.There should be a big improvement as the tide fills in, and yesterday afternoon was actually kinda fun, so I see no reason why there shouldn't be some potential around 10 am or so. Just keep on eye on the wind.One out(?), nobody else even thinking about it, The Dummy eating garbage from one of the cans in the lot, dead calm, cool and overcast.Tommy was there this morning telling me a story about some dude the cops chased onto Washington down near the pier and the guy apparently T-Boned about 12 cars and stabbed a cop with a hypo before finally being subdued. I can't find any reference to it in the LA Times (although that doesn't mean much); did anyone see or hear this thing goi...
Fannie Mae forecasts home prices will keep going down this year
2008-05-07 02:15:00 This from AP via Yahoo Finance: WASHINGTON (AP) — The outlook for the housing market darkened further Tuesday as the nation’s largest buyer of home mortgages said it racked up more than $2 billion in quarterly losses and forecast a steeper drop in home prices this year. If Fannie Mae’s prediction proves true, the real estate woes ...
By: National Bubble
Without Laughter, We Would All be Doomed
2008-05-03 02:27:00 I came across this video on YouTube that I just had to share with you all. It is an excellent housing bubble parody and will certainly put a smile on your face (hopefully anyway) and break the bleakness that has overwhelmed out housing market. Enjoy….
Fannie Mae Chief Executive Predicts National Housing Recovery in 2010
2008-04-30 16:32:00 The head of Fannie Mae is predicting a slow real estate market spanning through 2009 as indicators such as the Case Shiller report as showing even greater weakness in the market. Daniel Mudd predicts the slowdown lasting longer than many other prognosticators, but interesting enough recognizes that he is guessing as forecasting housing is not ...
Fannie Mae, Freddie Mac Spanked For New Accounting Problems
2008-04-23 13:47:00 Is this any surprise, both Freddie Mac and Fannie Mae are now being told to moderate their aggressive accounting methods and be more prudent on the numbers they are reporting. The issue is a bit esoteric but coming after the accounting scandals that enveloped the agencies in the past year, any hint of impropriety should ...
Fannie And Freddie Meltdown Could Cost Up To $1.1 Trillion
2008-04-22 17:10:00 Here?s something to think about. According to CNN Money yesterday, credit rating agency Standard & Poor?s recently estimated that a financial meltdown at mortgage financing giants Fannie Mae and Freddie Mac could require a taxpayer bailout costing $420 billion to $1.1 trillion. CNN Money senior writer Chris Isidore noted that this staggering amount ...
Fannie Mae and Freedie Mac are in big trouble
2008-04-22 13:55:00 Fannie Mae and Freedie Mac are in big trouble and this will cost taxpayers many billion dollars. According to CNNMoney.com: The trillion-dollar mortgage time bomb NEW YORK (CNNMoney.com) — Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac. Although ...
By: National Bubble
OFHEO Releases Annual Report To Congress
2008-04-15 16:26:00 WASHINGTON, DC ? James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released OFHEO?s 2008 Report to Congress, detailing the agency?s annual examination conclusions and regulatory oversight of the Government Sponsored Enterprise (GSE), Fannie Mae and Freddie Mac, for the year 2007. The report concludes that both Enterprises made very good ...
Latest Fannie Mae Mortgage Restrictions - Find Out if This Effects You!
2008-04-15 00:00:00 Unfortunately for Saint Louis MO and Saint Charles MO home buyers, getting approved for a home loan from sources who sell to Fannie Mae (conforming loans) just got tougher. Yet Again. Nationally, as home loan defaults continue to rise, government-backed...
New Foreclosure Guidelines Set By Fannie Mae
2008-04-09 09:39:00 Starting effective June 1, 2008, for loans to be considered by Fannie Mae from any potential borrowers, their credit history must be cleared from any foreclosure activities for at least 5 years. Whereas before, Fannie Mae required borrowers 4 years for their credit history to re-establish. They have allowed a lesser time period to elapse ...SHARETHIS.addEntry({ title: "New Foreclosure Guidelines Set By Fannie Mae", url: "http://yourrealestatechic.com/-new-foreclosure-guidelines-set--by-fannie-mae/" }); |
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