|
| |
borrowers: Fannie Mae has lifted 'Declining Markets' policy!! - 05/19/08 06:45 AM
HUGE news for the mortgage industry. Since D-Day last August programs have been taken away daily & new restrictions are constantly being placed on what we do have.
One big restriction was placed by Fannie Mae stating in automated underwriting findings 'home may be located in a declining market & will … (8 comments)
|
borrowers: 100% financing available only for government loans, in Michigan - 03/26/08 05:58 AM
Well, the last 100% mortgage option has pretty much been taken away from us, and most others, in the country - as of March 31st. The Flex 100 has been discontinued.
There are a couple of government programs that still allow 100% however. The Guaranteed Rural Housing Loan is for any area … (21 comments)
|
borrowers: 100% financing dwindling away.... - 02/26/08 06:32 AM
The mortgage market has not gotten any easier in the recent weeks....programs still being taken away from us and credit score enforcements are becoming even stricter.
The State of Michigan has been declared, by almost all investors, a declining value state, hence, no investor will loan their maximum loan-to-value.
What this means - … (12 comments)
|
|
|
|
|
|
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2009 ActiveRain Corp. All Rights Reserved
;)
;)
