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Gingrich Group Releases Freddie Mac Contract Document FULL PDF
2012-01-24 01:15:00 Gingrich Group Releases Freddie Mac Contract FULL PDF Retention Agreement Cover Page and AgreementATLANTA - The Gingrich Group, LLC today announced it is releasing a contract written by Freddie Mac for consulting services it contracted with the organization.?Subject to a conversation between our counsel and Freddie Mac, we have received permission to release the attached contract,? said Nancy Desmond, Chairman and CEO of the Gingrich Group. ?As noted under the scope of work section on Page 14, the contract was solely for consulting purposes and not lobbying.?Freddie Mac and The Gingrich Group have agreed that this release is limited to the contract alone and does not constitute a general release of the confidentiality provisions between us,? Desmond added.Newt Gingrich relinquished his ownership in the company in May 2010 when he announced his bid for President of the United States.For more information contact: Susan L. Meyers, smeyers@gingrichgroup.com 404-518-2271
Adjustable-Rate Mortgages Are A Relative Bargain Today
2012-01-06 14:45:00 Adjustable-rate mortgages are a relative bargain as compared to fixed-ones.
Mortgage Payments Fall 12% Since February 2011
2011-12-16 14:45:00 As mortgage rates drop, so do housing payments. It's a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history.
Reduce Long-Term Loan Costs With A 15-Year Fixed Rate Mortgage
2011-12-09 14:45:00 For as low as 30-year fixed rate mortgage rates are today, 15-year fixed rate mortgage rates are even lower.
Reduce Long-Term Loan Costs With A 15-Year Fixed Rate Mortgage
2011-12-09 14:45:00 For as low as 30-year fixed rate mortgage rates are today, 15-year fixed rate mortgage rates are even lower.
Have Mortgage Rates Bottomed Out?
2011-12-07 14:45:00 Mortgage rates have troughed. Or, so it seems.
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.
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.
Rahm Emanuel ignores Hard Truth about Freddie Mac
2011-01-22 16:07:00 From the Gery Chico For Chicago Mayor campaign... Facts suggest Emanuel ignored scandal but mayoral candidate continues to ignore questions (CHICAGO) Several hours ago, Rahm Emanuel was asked about Gery Chico's charge that when Emanuel was informed of scandal on the Freddie Mac board, he sat on his hands and took the cash. Emanuel didn't deny it. Instead, he said he was never mentioned "by name" in any of the wrongdoing. Here's the hard truth - Rahm won't answer the hard questions about Freddie Mac....
Foreclosures and Bank Foreclosure Decline in Freddie Mac
2010-12-13 19:52:00 As compared to September 2010, rate of foreclosure declined in October in South Carolina. Total foreclosures, along with the legal listings recorded in Freddie Mac dropped by 25 percent since the last month. The state recorded the 4th biggest turn down in the number of foreclosed properties throughout the ...Looking Foreclosed Homes? ForeclosureWarehouse.com has the best online resources of foreclosures in California, Florida, Georgia, Michigan, Texas and all US States - Foreclosures and Bank Foreclosure Decline in Freddie Mac
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...
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...
Freddie Mac CFO Hangs Himself…. Literally
2009-04-22 17:05:00 VIENNA, Va. -(WTOP)- David Kellermann, acting chief financial officer of Freddie Mac, committed suicide in his Hunter Mill Estates home Wednesday morning. He hanged himself. Fairfax County Police spokeswoman Mary Anne Jennings tells WTOP police responded to the Kellermann home after family members called police at 4:48 a.m. “We were called from inside the house to come investigate an apparent suicide,” Jennings says. “We’re not going to give you details of the condition of the body, except to say it was an apparent suicide.” OK, perhaps a bit early to speculate, here. It may well have been something totally unrelated to his job. And I may well be winning the lottery, or struck by lightning. I place the chances of these at about par with each other. So, we’ll just sit back and wait for the other shoe to drop, since it clearly will, and soon. Â Update:(Bit) About 30 seconds after I snarked on Twitter: “Ron Brown, call your office” I noti...
By: BitsBlog
Freddie Mac CFO David Kellerman Committed Suicide (Photo)
2009-04-22 16:25:00 David Kellermann, who had been working for Freddie Mac for sixteen years and was the acting Chief Financial Officer (CFO) and Senior Vice President of the company, was found dead at his home this morning in what police called an apparent suicide. Freddie Mac released the following statement about Kellermann’s death: “The Freddie Mac family is truly ...
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!
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, ...
McCain Campaign Manager's Firm Paid By Freddie Mac Even As McCain Claims No
2008-09-24 05:58:00 Wow, how the connections line up. According to the New York Times and Newsweek, as Senator John McCain claimed that his campaign manager has has no business with or didn't benefit from Freddie Mac and Fanny Mae, we have this new news: Rick Davis' firm had a contract with Freddie Mac as recently as last month. Here's the NYT account: WASHINGTON ? One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain?s campaign manager, according to two people with direct knowledge of the arrangement. The disclosure undercuts a statement by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years. Mr. Davis?s firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances help...
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…
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
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.
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 ...
Freddie Mac in Trouble, Volcker on the Credit Crisis, The Farm Bill, World?
2008-05-15 20:26:00 by Addison Wiggin & Ian Mathias Freddie Mac losses $151 million? even after admittedly fudging its books Capitol Hill ?worried about the failure? of Freddie and Fannie? a few startling stats not to be overlooked Dollar inches down? Paul Volcker on the event that could bring us ?back to the ?70s, or worse? Bloated farm bill squeezes through ...
Freddie Mac loses $151M in 1Q, but beats expectations
2008-05-14 18:14:00 Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Its shares rose almost 8 percent. McLean, Va.-based Freddie Mac, the nation’s second-largest buyer and backer of home loans, plans to raise $5.5 billion in new ...
By: Latest News
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 ...
Freddie Mac makes a move to stabilize the conforming-jumbo loan product
2008-04-22 03:03:00 In the news late last week, Freddie Mac makes a move to stabilize the conforming-jumbo loan product, by guarantying 90 day forward commitments to 4 big loan players. This should trickle down to mid-sized mortgage bankers as well, through their correspondent channels.Freddie Mac said Thursday that it will guarantee 90-day, forward-delivery pricing on “conforming jumbo” ...
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 ...
Freddie Mac and Fannie Mae Trim Reserves To Revitilize the Market
2008-03-21 15:27:00 Freddie Mac and Fannie Mae were given the go ahead to trim their capital reserves to increase liquidity in the mortgage markets. The move will allow the two to add up to 200 billion in new mortgages for the United States housing market. Of course there is a down side. By reducing the capital of ...
OFHEO, Fannie Mae and Freddie Mac Announce Initiative To Increase Mortgage
2008-03-21 00:00:00 Washington, DC - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market.
Now is NOT a great time to buy a home. Freddie Mac CEO thinks prices have
2008-03-20 15:17:00 "We have absorbed a little more than half of the expected losses in the housing decline. We have seen only a third of the housing price decline that we expect."- Freddie Mac CEO Richard Syron, March 2008
By: Housing PANIC
OFHEO, Fannie Mae And Freddie Mac Cuts Excess Capital Level by a Third
2008-03-19 19:12:00 Washington, DC - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market. OFHEO estimates that Fannie Mae?s and Freddie Mac?s existing capabilities, combined with ...
Fannie and Freddie OK?ed to Become Insolvent?
2008-03-19 15:02:00 I must admit this doesn’t make a lot of sense in the general scheme of things, however, with the Fed ready to step in and bailout everyone who is failing, it makes sense. Fannie Mae and Freddie Mac are having their capital requirements loosened by the Office of Federal Housing Enterprise Oversight. Excuse me, but isn’t ...
Fannie Mae and Freddie Mac
2008-03-08 02:50:00 Daily Real Estate News | March 6, 2008New Appraisal Rules for Freddie, Fannie Fannie Mae and Freddie Mac have reached an agreement with New York Attorney General Andrew Cuomo that requires them to have independent appraisals of home values. Under the agreement, home appraisals have to come from assessors who don't have formal ties with a lender or mortgage broker. Lenders wishing to sell their mortgages to the nation's two largest sources of home finance must make sure that they don't rely on in-house appraisers and don't own an appraisal firm itself, according to the agreement drafted by Fannie Mae. This agreement brings to an end a large portion of an investigation by New York State into how Wall Street bundled and sold millions of dollars of questionable home loans. The agreement has three tenets and applies to lenders nationwide: Under the newly created Home Valuation Protection, mortgage brokers are prohibited from selecti...
Temporary 2008 Conforming Loan Limits Released For High Cost Areas
2008-03-07 07:06:00 Washington, DC ? The Office of Federal Housing Enterprise Oversight (OFHEO) today released the maximum conforming loan limits that will be in effect through year-end as a result of The Economic Stimulus Act of 2008. That legislation permits Fannie Mae and Freddie Mac to raise their conforming loan limits in certain high-cost areas. The new ...
Appraisal Fraud: Fannie Mae And Freddie Mac Sign Agreements To Combat Appra
2008-03-04 00:00:00 Accurate, independent appraisals are very important to ensuring the safety and soundness of Fannie Mae, Freddie Mac and the mortgage market," said Director Lockhart. "These agreements build upon existing federal and state laws and regulations to further strengthen the single-family home appraisal process. The agreements should help restore confidence in the mortgage market by enhancing underwriting practices, reducing mortgage fraud and making home valuations more reliable. I thank the Attorney General, Fannie Mae and Freddie Mac for their strong roles in this important effort.
OFHEO, NY Attorney General, Fannie Mae And Freddie Mac Sign Agreements to C
2008-03-03 18:25:00 Washington, DC? OFHEO Director James B. Lockhart announced agreements with OFHEO, New York State Attorney General Andrew Cuomo, Fannie Mae and Freddie Mac (Government Sponsored Enterprise (GSE)) to strengthen the independence of the appraisal process. For mortgages the Enterprises buy or guarantee, the agreements seek to enhance appraisal and evaluation services that are ...
UBS Predicts $600 Billion Loss From Credit Crunch
2008-02-29 23:23:00 On Friday it was reported that analysts from UBS AG, Europe?s second largest bank, were predicting total industry losses from the ongoing credit crunch would reach $600 billion, with banks and brokers accounting for $350 billion of these losses. MarketWatch?s Steve Goldstein said earlier today that financial firms have been forced to write-down approximately ...
NYC Mortgage Holders, US GDP, And Freddie Mac Whacked
2008-02-29 01:59:00 Defaults up 15 percent in NYC by NY Daily News - snips:Foreclosure woes continued to plague city homeowners in January, though at a much lower rate than seen nationally. There were 2,172 foreclosure-related filings on homes in the five boroughs, up 15% from December, according to RealtyTrac. That's one filing for every 1,508 households, in a city with about 3.3 million households. "The most important thing these numbers say is we're not done with the increases in foreclosures yet," RealtyTrac spokesman Daren Blomquist said.... In Queens, there were 985 filings last month, a 28% increase from December. That's one filing for every 844 households. The number of Manhattan foreclosure notices rose 33%, but amounted to just 89, or one per 9,211 households. There were 644 filings in Brooklyn, up 11% and one per 1,471 households. There were 205 notices sent in Staten Island, or one filing per 849 households. The Bronx was the only borough with fewer foreclosure notices than in December -...
FLASH: Freddie Mac posts $2.5 billion loss. Or $3.7 billion. Or hell, who
2008-02-28 13:59:00 This turd will cost the taxpayers hundreds of billions when and if they mark to market one day.Would you like to own the Countrywide, IndyMac and First Fed junk mortgages sitting on Freddie Mac or Fannie Mae's books today? Exactly.And what's Congress' best idea for getting out of this mess? Well it's raise the maximum mortgage limit and let them buy more loans of course!Oh, dear god, we're so f*cked.Big loss for Freddie MacFreddie Mac (FRE) posted a bigger-than-expected fourth-quarter loss and warned that a weakening economy will lead to higher credit losses in 2008 and 2009. The McLean, Va., mortgage lender lost $2.5 billion, or $3.97 a share, for the quarter ended Dec. 31, compared with a year-ago loss of $401 million, or 73 cents a share. Analysts on Wall Street were looking for a loss of $2.04 a share.Under Freddie?s old accounting, its fourth-quarter loss would have been $3.7 billion.Freddie?s promise to return to timely reporting was partly behind Wednesday?s decision by...
By: Housing PANIC
Widespread House Price Declines In Fourth Quarter
2008-02-26 16:41:00 Pockets of Strength Remain; Coasts, Midwest Show Biggest Declines WASHINGTON, DC ? U.S. home prices fell in the fourth quarter of 2007 according to OFHEO?s seasonally-adjusted purchase-only house price index. The index, which is based on data from home sales, was 1.3 percent lower on a seasonally-adjusted basis in the fourth quarter than in the ...
Lending Guidelines on Investment Property
2008-02-20 16:46:00 I found a great post from BiggerPockets.com today. It talks about the lending guidelines that Fannie Mae & Freddie Mac have on Investment Properties. Instead of rehashing the entire article- here’s the gist of it. Full Documentation: Ideal for borrowers looking for conforming loan amounts who have good credit and assets: 1 unit: 90% LTV / 85% ...
By: REI Pipeline.com
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