freddie mac
New Fannie Mae, Freddie Mac and FHA Mortgage Loan Requirements for Condominiums
If you thought that the real estate market had troubles, have you tried getting a loan on a condominium lately. New rules and regulations from Fannie Mae, Freddie Mac and FHA, have sent condominium associations scrambling to make sure that owners and prospective buyers can get financing for units in those developments. When you shop around for a new home, you might want to talk to your mortgage lender or mortgage broker before buying a condominium to see what issues you might face in your area. With that knowledge, you might avoid certain condominiums with known problems and target buildings where mortgage loan financing is easier.
Condo Financing Faces Strict Rules From Fannie Mae, Freddie Mac, FHA
If you’re looking for home loan financing, new condo financing rules went into effect that may make financing for your condo impossible. Fannie Mae, Freddie Mac and FHA have new stricter rules when it comes to condo financing. You may have to buy in an approved property, not have renters in your condo building, and prove higher cash reserve levels. Educate yourself on rules for condo financing before you attempt to get a loan through Fannie Mae, Freddie Mac or FHA.
Clark Howard Show Notes – Labor Day 2009
Clark Howard Show Notes – Labor Day 2009: Taylor Bean Whitaker Update; New Mortgage Brokerage rules; Loan modification hell and what to do about it; President Obama’s plans to help you save more for retirement; What men’s underwear says about the economy; How to Profit from Foreclosure; FREE BOOKS; EBOOK SPECIAL;
Home Affordable Refinance Program Expanded To 125% Loan-To-Value Ratio
The Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac will be able to use the Home Affordable Refinance Program to help homeowners with a loan-to-value ratio up to 125 percent. The previous limit was 105 percent. The 125 loan-to-value ratio will allow borrowers with Fannie Mae and Freddie Mac loans to refinance their loans under the Home Affordable Refinance Program.
Federal Housing Finance Agency (FHFA) Boss James Lockhart on Fixing the Housing Market
At the recent meeting of the National Association of Real Estate Editors in Washington, D.C., James Lockhart, director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, discussed how the housing market had changed from 2007 to 2009 and the strategy being used to stabilize the mortgage market. Read part of the speech here. Link to Questions and Answers with James Lockhart.
FHFA’s James Lockhart On The Role Of Freddie Mac, Fannie Mae and Federal Banks
James B. Lockhart, Director of the Federal Housing Finance Agency spoke before the National Association of Real Estate Editors on “The Roles of Fannie…
Freddie Mac Regulations For Condo Buyers
If you’re on the market for a condo, make sure you’re up to speed with the latest rules and regulations from [Freddie Mac regarding condo mortgages.](…
Mortgage Interest Rates Rise Slightly, Reports Freddie Mac
Mortgage rates rose slightly during the week ending May 7, Freddie Mac announced today.
30-year fixed rate mortgages averaged 4.84 percent with 0.7 p…
Mortgage Interest Rate Ties Record Low – 4.78 Percent
The interest rate for a 30-year fixed rate mortgage has tied the record low (since 1970) that was set earlier this month, Freddie Mac announced.
For …
Today on the Ilyce Glink Show April 19, 2009
Spring is finally here, which means longer, warmer days and gorgeous flowers poking up after a long winter. The economy needs the warm winds of spring…
