fannie: new 2009 Loan Limits for Fannie & Freddie released today - 11/07/08 01:51 PM
Fannie Mae & Freddie Mac have new loan limits for 2009, as released today. The standard conventional loan limit remains at $417K accross the USA. High Cost Areas have new limits based on the new formula in the 2008 housing bill passed in July.
We expect to see some updates to (0 comments)
fannie: President Bush compromise may help thousands of Homeowners out of trouble - 07/23/08 08:48 PM
Today, The White House announced that the President would lift his opposition to a Housing bill being voted on today in the House of Representatives. This bill includes several upgrades for homeowners accross America. It provides tax credits for first time homebuyers of up to $7500. Property Tax credits for other (0 comments)
fannie: Fannie Mae's turnabout on Declining markets. Will it really help? - 05/19/08 12:03 AM
Fannie Mae announced that they will no longer require an extra 5% down payment for purchases in "Declining Markets" beginning June 1. The real question is will this change help. The answer is Yes for some borrowers, and not at all for others. There are 2 factors above and beyond Fannie (0 comments)
fannie: Comparing FHA Jumbo loans to Fannie Mae Jumbo Loans - 04/16/08 11:03 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA (0 comments)
fannie: New Jumbos: Fannie or FHA? - 04/16/08 11:00 PM
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA (0 comments)
fannie: FHA scores again for home buyers - 04/03/08 12:39 AM
FHA Loans guaranteed by HUD are fast becoming the loan of choice again for first time homebuyers and also those buyers who do not want to put 5, 10 or 20% down payment on their new home (there is good reason to keep your assets in other areas, that will be (0 comments)
Brian's Blog includes topics on Mortgage Lending, FHA loans, changes in lending guidelines, San Diego & Southern California Real Estate, Seattle Real Estate, Credit management, debt abatement, and more