Fannie Mae Updates Condo Financing Requirements - 01/06/09 08:39 PM
In its attempt to stabilize the housing market by increasing investor confidence, Fannie Mae has tightened up a bit on its requirements for loans that it will buy.  Since most lenders sell the loans they generate, and since Fannie Mae buys the majority of housing loans, they set the "gold standard".  If a loan can be found with less stringent requirements, it will typically cost more in terms of loan fees and interest rate.  So, changes made by Fannie Mae are extremely important to the markets and have a huge impact on an individual's ability to get a loan on a … (1 comments)

Bellingham WA “State of the Union Real Estate Report” Dec 2008 - 01/03/09 05:44 PM
A client who has wandered the world once told us, after a particularly good travel story, "The most uncomfortable experiences always make the most interesting stories."  As we look back on the current economic times, I'm sure that will be the case.  What makes it uncomfortable today is that we don't know the story's ending.  In the case of the real estate market, we want to know, "Will prices drop?  Will sales fall?  When should I buy or sell?" 
             None of the experts have those answers.   Most of them admit that they didn't see the current situation coming and that … (0 comments)

 

Rich & Lylene Johnson

Bellingham, WA

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The JohnsonTeam @ The Muljat Group South

Office Phone: (360) 527-8766

Cell Phone: (360) 319-3267

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A look at Bellingham and the surrounding communities with a focus on Real Estate and other tid bits thrown in for fun.


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