Fannie Mae is one of the two quasi-governmental mortgage investment companies regulated by the Federal Housing Financing Agency. Fannie Mae buys mortgage loans from banks who have made the mortgage loans to consumers. Fannie Mae sets criteria for the loans that they will buy and banks try to meet these criteria in order to sell the loans. When banks get money from Fannie Mae, they have more money to loan to home buyers.
Square Footage: Sizing Up a House Correctly
Square Footage: Sizing Up a House Correctly Comment: I read your article on how people buy homes and use the square footage of the home to compare one home with the other. I wanted to let you know there is an ANSI standard for measuring square footage of a residential unit though few in our [...]
Is it a Good Time To Buy a Home in 2019?
Is it a good time to buy a home in 2019? It just might be. It might also be a good time to sell. This morning, Fannie Mae released its March 2019 Home Purchase Sentiment Index, which is a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, using six questions from the [...]
How to Confirm Your Mortgage is Paid Off
Here’s how to confirm your mortgage is paid off. While it’s confusing to walk through the process of confirming your mortgage is paid off, you shouldn’t have to pay anyone to do it for you. Q: I live in Indiana. Who can I hire to call Fannie Mae to get the facts on the satisfaction [...]
Ep. 26: Homeownership and the American Dream
Is homeownership still a part of the American Dream? Can we trust that the secondary mortgage market won’t collapse again like it did in 2008? Get answers to these questions by listening to this week’s episode of the Ilyce Glink Show. You can click the audio link below to listen to the full show, or [...]
Christmas Gifts: A Lump of Coal for the Housing Industry
Christmas Gifts: A Lump of Coal for the Housing Industry. Yesterday afternoon, I sat in on a conference call about covering the foreclosure crisis. But it wasn't so much a lesson in foreclosure journalism (if there's such a thing) as it was a discussion of where we are in the now four-year housing crisis with a dash of speculation as to when we might get out of here.
Streamline Loan Modification Update
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program. Here's what I learn...
An Update On Streamline Refinancing
On this Sunday's show, I talked about how streamline refinancings might be possible. Different lenders are considering this option, which basically al...
Today’s Clark Howard Show
Every year for the past 11 years, I've filled in for Clark Howard on the day before Thanksgiving and on Black Friday, the day after Thanksgiving. We a...
Ilyce Glink on WSB Radio – November 26, 2008
Ilyce Glink filled in for Clark Howard, as part of an annual pre-Thanksgiving tradition. She discussed her plans for a Thanksgiving feast and strategized for Black Friday shopping. Ilyce discussed spending concerns for holiday shopping and shared some inexpensive gadgets that might make good gift ideas. She also reviewed Treasury Secretary Hank Paulson’s announcement of an $800 billion boost to consumer finances, including $600 billion to buy Fannie Mae and Freddie Mac assets. On news of lower mortgage interest rates, she discussed whether it is a good time to refinance.To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to find out about new videos.
Rep. Barney Frank’s Office Responds To Rep. John Culberson’s Comments On Glenn Beck Show
You may have seen this comment on an Oct 14 entry to this blog: Listened to Glenn Beck tonight on cable --had a senator (sorry don't remember his nam...