FHA and Fannie Mae and Freddie are trying hard to re-build their creditworthy reputation among the global mortgage investor population. Proudly, more "Excellent" ranking  of the FHA loans is a Giant Step for the housing industry.

 Recently, FHA improved it's "Excellent" ranking by 145%, and Fannie and Freddie, conventional loans improved it's "Excellent" ranking by 45%.

The average credit score for an "Excellent" ranked FHA loan is 697. The average credit score for an "Excellent" ranked conventional loan is 768. The number of "Poor" ranked loans reduced by 66%. The term "Poor" refers to loans that underwriters should have never approved. All things considered, our Giant Step translates to better loan performance.

Better loan performance translates to healthier investments for the secondary market/mortgage investment. Who benefits? We all do. Even though we all get frustrated about how many documents an underwriter needs to verify and support the data it all boils down to better quality control, better performance of the loan, and authentic quality loans. The Giant Step translates to improving the overall reputation of securing money on real estate and improving investment activity.

 

 

What's New and In Style?
05/14/2008
share
Mortgage Planning is NEW and most definitley in style and can help build bigger and better nest eggs. Mortgage Planning involves STRATEGY and setting a Financial BALANCE. Do you have a loan with the best performance? What is the financial impact… more
Intellectual Wisdom
10/24/2007
share
As CEO of a company I am continually amazed how intellectual wisdom is overlooked. Somehow, the American Consumer is the American Assumer, assuming if "I do what everyone else does nothing can technically go wrong. America and the US is built… more
 
Debbie2-cropped-fade

Deborah Switts

Alpharetta, GA

More about me…

Good Friend Mortgage

Address: 1500 Abbey Court, Alpharetta, GA, 30004

Office Phone: (678) 762-0127

Cell Phone: (678) 886-7283

Email Me



Links

Archives

RSS 2.0 Feed for this blog