Search results for: ,fannie,mae
Friday, 23 October 2009
For Mortgages, 620 is The New Magic Number
For Mortgages, 620 is The New Magic Number
Near historic low mortgage rates, favorable home prices, and the federal tax credit for first-time home buyers have contributed to home purchases in the past year. However, the onset of the credit crisis, new regulations for home appraisals, and more stringent guidelines for purchases and refinances have resulted in confusion for some potential ...
Posted by Polly Rathe at 7:16 PM in Category:
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Monday, 27 July 2009
US Home Prices have Smallest Decline in 10 Months
July 22 (Bloomberg) -- U.S. home prices had the smallest annual drop in 10 months, signaling the free fall of property values is abating in the three-year housing slump at the center of a global recession.
Prices declined 5.6 percent in May from a year earlier and rose 0.9 from April, the Federal Housing Finance Agency in Washington said today. Economists expected a 0.2 percent drop for ...
Posted by Polly Rathe at 7:17 PM in Category:
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Wednesday, 1 July 2009
Home Affordable refi program expanded
Home Affordable refi program expanded
Loan-to-value ceiling raised from 105% to 125%
By Inman News, Wednesday, July 1, 2009.
http://www.inman.com/news/2009/07/1/home-affordable-refi-program-expanded
Inman News
Homeowners who are up to 125 percent underwater will be allowed to refinance under the Obama administration’s Home Affordable Refinance Program...
Posted by Polly Rathe at 6:15 PM in Category:
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Wednesday, 27 May 2009
Fannie Mae and Freddie Mac's new rules are raising appraisal costs, critics say
Fannie Mae and Freddie Mac’s new rules are raising appraisal costs, critics say
http://www.latimes.com/classified/realestate/news/la-fi-harney17-2009may17,0,5903005.story
The rules, intended to improve the accuracy of home valuations, push most large lenders to use third-party appraisal management companies.
Reporting from Washington -- How about this scenario...
Posted by Polly Rathe at 4:44 PM in Category:
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Thursday, 23 April 2009
Is My Mortgage backed by Fannie Mae?
To find out if your loan is a "Fannie Mae"
Go to theFannieMae look-up site:
http://loanlookup.fanniemae.com/loanlookup/...
Posted by Polly Rathe at 10:53 AM in Category:
Mortgage & FinanceLink directly to this article.
Is My Mortgage backed by Fannie Mae?
To find out if your loan is a "Fannie Mae"
Go to theFannieMae look-up site:
http://loanlookup.fanniemae.com/loanlookup/...
Posted by Polly Rathe at 10:06 AM in Category:
Mortgage & FinanceLink directly to this article.
Is My Mortgage backed by Fannie Mae?
To find out if your loan is a "Fannie Mae"
Go to theFannieMae look-up site:
http://loanlookup.fanniemae.com/loanlookup/...
Posted by Polly Rathe at 10:06 AM in Category:
Mortgage & FinanceLink directly to this article.
Is My Mortgage backed by Fannie Mae?
To find out if your loan is a "Fannie Mae"
Go to theFannieMae look-up site:
http://loanlookup.fanniemae.com/loanlookup/...
Posted by Polly Rathe at 9:57 AM in Category:
Mortgage & FinanceLink directly to this article.
Monday, 20 April 2009
Homebuyer Guides
Homebuying Guides
Even before you begin looking for a home, the homebuying process requires diligent preparation. Buyers who have been preapproved for a home loan often have their offers taken more seriously by sellers. With advance preparation, you can tackle the process of acquiring the financing you need with more confidence. To help you on the path to homeownership, Neighborworks® off...
Posted by Polly Rathe at 3:19 PM in Category:
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Saturday, 18 April 2009
Sacramento region's repossessed home sales boom hits lull
Sacramento region’s repossessed home sales boom hits lull
ShareThisBy Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/1789794.html
Published: Saturday, Apr. 18, 2009 - 12:00 am | Page 1B
Months of foreclosure moratoriums, stepped-up loan modifications and bank decisions to keep repossessed homes off the market are biting hard into a s...
Posted by Polly Rathe at 9:50 PM in Category:
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Sacramento region's repossessed home sales boom hits lull
Sacramento region’s repossessed home sales boom hits lull
ShareThisBy Jim Wasserman
jwasserman@sacbee.com
http://www.sacbee.com/business/story/1789794.html
Published: Saturday, Apr. 18, 2009 - 12:00 am | Page 1B
Months of foreclosure moratoriums, stepped-up loan modifications and bank decisions to keep repossessed homes off the market are biting hard into a s...
Posted by Polly Rathe at 9:47 PM in Category:
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Thursday, 2 April 2009
Are You Wondering If You Are Able To Refinance?
Recently GreatWest GMAC Professionals, are hearing from many homeowners who have found themseves in a situation they would never have dreamed of a few years ago. They had purchased their homes in good faith, and had stayed current on payments, and they managed to keep their jobs. BUT, because of declining home values brought on by the current housing crisis, they are unable to refinance and take...
Posted by Polly Rathe at 8:11 AM in Category:
Mortgage & FinanceLink directly to this article.
Tuesday, 24 March 2009
Five Options for Homeowners
Five Options for Homeowners who cannot make their mortgage payment:
*Deed In Lieu- A process where the Borrower signs a “Deed-in-lieu” of foreclosure AND the lender accepts it. This action simply grants the title to the property to the lien holder (your lender).
*Foreclosure- A legal process where the secured lender takes back the property though an instrument called the “Deed...
Posted by Polly Rathe at 2:24 PM in Category:
Mortgage & FinanceLink directly to this article.
Thursday, 26 February 2009
New $8,000 Credit for First Time Home Buyers
Obama: Aid 9 million homeowners Wide-ranging $75 billion plan will use government money to subsidize rates and insure servicers against falling home prices.
By Tami Luhby, CNNMoney.com senior writer
Last Updated: February 18, 2009: 10:05 AM ET
NEW YORK (CNNMoney.com) -- President Obama is
unveiling a $75 billion multi-pronged plan Wednesday that seeks to help up to 9 mill...
Posted by Polly Rathe at 9:31 AM in Category:
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Sunday, 14 September 2008
Senators Call For Freeze on Foreclosures
Various news agencies in the last several days have reported that four U.S. Senators have urged mortgage companies, Fannie Mae, and Freddie Mac to temporarily halt foreclosures on loans they hold.
The lawmakers advised the new chief executives and federal regulator now running Fannie Mae and Freddie Mac. The beleaguered companies, seized by the government a week ago, should help struggling bo...
Posted by Polly Rathe at 5:09 AM in Category:
Mortgage & FinanceLink directly to this article.
Sunday, 7 September 2008
Federal Government Seizes Control of Fannie Mae and Freddie Mac
On late Friday, the news media became abuzz with reports, the shoe had finally began to drop with regard to Fannie Mae and Freddie Mac. Articles revealing the government had conjured a plan to put the two troubled mortgage Goliaths under federal control, dismiss their top executives, while shoring the institutions up financially.
The plan would prompt one of the more sweeping government ...
Posted by Polly Rathe at 8:11 PM in Category:
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Saturday, 26 July 2008
Congress Passes Housing Rescue Bill
It appears Congress has passed a housing rescue bill today hopefully saving 400,000 struggling homeowners from foreclosure. Although President Bush had originally threatened to veto such a bill, it appears he is expected to sign this measure quickly.
The legislation was passed by the Senate vote of 72-13.
Homeowners, who are unable to afford their current monthly payments will ...
Posted by Polly Rathe at 5:32 PM in Category:
NewsLink directly to this article.
Congress Passes Housing Rescue Bill
It appears Congress has passed a housing rescue bill today hopefully saving 400,000 struggling homeowners from foreclosure. Although President Bush had originally threatened to veto such a bill, it appears he is expected to sign this measure quickly.
The legislation was passed by the Senate vote of 72-13.
Homeowners, who are unable to afford their current monthly payments will ...
Posted by Polly Rathe at 5:29 PM in Category:
NewsLink directly to this article.
Tuesday, 3 June 2008
How Much of a Mortgage Can I Afford?
Home ownership not only provides a great shelter for you at tax time. If you are in a higher income bracket that shelter can become even more valuable to you. It can also make good financial sense.
So, you may be asking, "How much of a mortgage payment can I afford?"
Rent:_____________________
Multiplier: X 1.32
Mortgage Payment:_____________
Mort...
Posted by Polly Rathe at 5:08 PM in Category:
Mortgage & FinanceLink directly to this article.
Friday, 16 May 2008
What’s Up With Reverse Mortgages?
Not long ago, a GreatWest Real Estate professional lamented, that after being in the business of selling homes to folks for a couple of decades, something was beginning to happen. The agent was noticing more and more of those “kids” they had sold homes to in the early 1980’s were ringing them up and asking, “What’s up with Reverse Mortgages???”
Of course, those “kids” in the early 1980s,...
Posted by Polly Rathe at 5:01 AM in Category:
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Monday, 14 May 2007
8 Ways to Improve Your Credit
Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.
1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.
2. Pay down credit card bills. If possible, pay off the entire balance e...
Posted by Polly Rathe at 11:55 AM in Category:
Mortgage & FinanceLink directly to this article.
