Fannie and Freddie what the Future holds

As Fannie-Freddie reform gets underway, here are the three big questions for the housing market. It's been over a decade in the making, but an overhaul of Fannie and Freddie Mac is finally in the cards. The acting head of Fannie’s and Freddie’s regulator, the Federal Housing Finance Agency, told employees that he was working … Continue reading Fannie and Freddie what the Future holds

A Fight Over the Credit Score Lenders Use for Your Mortgage

~very interesting, what do you think?~ A Fight Over the Credit Score Lenders Use for Your Mortgage Banks and rival lenders are butting heads over the credit scores used to decide millions of mortgage requests by U.S. home buyers. Now, a federal agency is weighing whether to step into the fight, which revolves around a … Continue reading A Fight Over the Credit Score Lenders Use for Your Mortgage

Average rate on 30-year mortgage falls to 3.91%

From Associated Press 8/6/15 Average long-term U.S. mortgage rates fell for a third straight week amid anxiety over developments in the U.S. economy that lifted bond prices. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dipped to 3.91 percent this week from 3.98 percent a week earlier. The rate … Continue reading Average rate on 30-year mortgage falls to 3.91%

Low Down Payment Initiatives Offer Homeownership to Qualified, Locked Out Buyers

From MReport 7/23/15 New low down payment initiatives extend homeownership opportunities to qualified borrowers who might otherwise be locked out. According to Freddie Mac's  July U.S. Housing Market Insight & Outlook, pre-crisis low payment underwriting allowed layered risk, while post-crisis low payment underwriting controls credit risk by requiring features that reduce risk. Pre-crisis payments were variable, while post-crisis … Continue reading Low Down Payment Initiatives Offer Homeownership to Qualified, Locked Out Buyers

Get a home loan easier this year

It's easier to get a mortgage in 2015 From Kiplinger 2/20/15 Mortgage rates are hovering at levels unimaginable a generation ago. But for many would-be home buyers, a low-rate loan had been tantalizingly out of reach, denied by tight-fisted lenders still skittish from the housing bust.That’s finally changing. Now, thanks to rising home prices, less-stringent … Continue reading Get a home loan easier this year

Report: Five Major Developments to Bolster Housing in 2015

Report: Five Major Developments to Bolster Housing in 2015. Click on the link above to check out this article. It is very informative for you whether you are a First-Time Buyer or seasoned buyer.

Harp 2.0

Do you need some help with getting your home refinanced and are unable to qualify due to property value being less than what you owe? The HARP program has been extended to December 2015 to help out homeowners like your self. The following information take directly from the http://www.makinghomeaffordable.gov website so feel free to go … Continue reading Harp 2.0

Misconception About Down Payments

Mortgages Suffer from Misconception about Down Payments From DSNews.com 6/16/14 There's a pervasive view held by younger consumers when considering whether to purchase a home or not, according to Freddie Mac's Christina Boyle. She believes that consumers persistently overestimate the size of a down payment they need in order to finance a home, and this … Continue reading Misconception About Down Payments