gses: New Fannie Freddie "Stated Income" Regulations to Go Into Effect August, 2008 - 08/03/08 02:12 AM
Stated Income
Has anyone heard anything lately about "STATED INCOME" loans? Well, there still are some stated income programs available for Conforming Loans ($417,000 and under). But, as more homes are foreclosed, more mortgages are defaulted on, Fannie Mae / Freddie Mac are continuing to tighten up their guidelines. … (4 comments)
gses: New Fannie Freddie "Renter Income" Regulations to Go Into Effect August, 2008 - 08/03/08 02:11 AM
New Fannie/Freddie Regulations for Rental Income:
As more homes are foreclosed, more mortgages are defaulted on, Fannie Mae / Freddie Mac are continuing to tighten up their guidelines. As of August, 2008, a number of guidelines to acquire a mortgage are going to change including how Freddie and Fannie … (0 comments)
gses: Freddie and Fannie are Tightening Guidelines. How Can we Fight Back? - 07/15/08 12:41 AM
The sub-prime mortgage crisisis an on-going problem which continues to demonstrate itself in our current liquidity crisis. As the sub-prime crisis continues to grow, we are seeing a tightening of guidelines to qualify for mortgages to refinance or purchase a home. This is not all bad. I believe that we need … (6 comments)
gses: How the Energy Crisis and Inflation Are Affecting the Real Estate Market? - 06/30/08 04:00 PM
How Inflation Affects American Real Estate Consumers
Inflation has been hitting us all. Wage pressure by Asia has kept wages down below the rising cost of living. Those who live on income of less than $75,000/yr have been hit the hardest. A major segment of this group lives from … (8 comments)
gses: A Very Simple View of Our Sub prime Crisis. Chap 3. Wall Steet Investment Banks. - 06/28/08 02:00 PM
This is a continuation of my post on the sub prime mortgage crisis. There were several groups or industries that in their own way had a role in creating the current liquidity crisis , the downturn in both the real estate and financial markets. One key element in this crisis is … (4 comments)
gses: A Very Simple View of Our Sub Prime Crisis: Chapter 2 - Banks - 06/16/08 02:05 AM
This is a continuation of my post on the sub prime mortgage crisis. There were several groups or industries that in their own way had a role in creating the current liquidity crisis , the downturn in both the real estate and financial markets. One key element in this crisis … (5 comments)
gses: A Very Simple View of Our Sub Prime Crisis: Chapter 1 - Mortgage Brokers/Loan Originators - 06/16/08 02:03 AM
This is a continuation of my post on the sub prime mortgage crisis. There were several groups or industries that in their own way had a role in creating the current liquidity crisis that lead to the downturn in both the real estate and financial markets. One key element in this crisis is … (1 comments)
gses: A Very Simple View of Our Sub-prime Crisis. Who is to Blame? - 06/15/08 11:54 AM
Introduction: Key Players in the Sub-Prime Crisis
The sub-prime mortgage crisis is an ongoing problem which continues to demonstrate itself with our current liquidity crisis. There were early warnings as early as 2000, during the final months of the Clinton administration, when Treasury official Gary Gensler noted that sub-prime … (110 comments)
gses: Mortgage Relief is One Step Closer! - 05/20/08 11:25 AM
Senator Dodd's (D-Conn) Senate Banking Committee passed a bipartisan bill - 18 for and 2 opposed - that allows the Federal Housing Administration (FHA) to back up to $300 billion in new loans for homeowners facing foreclosure. The bill targets those homeowners who would be considered too risky to qualify for a fixed-rate, government-insured … (4 comments)
gses: New Appraisal Standards? What was Wrong with the Old Ones? - 03/04/08 10:10 AM
Office of Federal Housing Enterprise Oversight (OFHEO) Adopts new Appraisal StandardsIt looks like there is a new sheriff coming to town and he plans to clean up the street. As a direct result from New York's suit against First American Corp. and its subsidiary eAppraiseIT, where New York accused the companies of bending over backwards from … (5 comments)
gses: What or Who Are Fannie Mae and Freddie Mac? - 02/09/08 07:43 PM
Freddie Mac (FHLMC) and Fannie Mae (FNMA) are two housing government-sponsored enterprises (GSEs). These GSEs were chartered by Congress (The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 or more commonly known as The GSE Act) to create a secondary market for residential mortgage loans. They are considered "government-sponsored" … (0 comments)
Alan 'AJ' Nisen California Contra Costa Mortgage Officer Lafayette, CA More about me…
A Large Bank in America
Office Phone: (925) 677-4169
Cell Phone: (925) 963-5836
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AJ, as part of the Active Rain family, uses this forum to discuss issues that affect the Real Estate market, all aspects of Mortgages, Loans and refinancing, to build working relationships and friendships. AJ’s conversations include such topics as, the sub prime lending fallout, mortgage market changes, and localism (revitalizing downtowns, business growth, community volunteerism and events)
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