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mortage news: Fannie Mae & Freddie Mac - Increase Fees as of April 1st - 03/08/09 09:14 PM
As of April 1st 2009 Fannie Mae and Freddie Mac will be increasing their fees making it harder for those wishing to purchase a home. The following is an article written by Kenneth R. Harney on the drastic changes coming…
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Fannie Mae, Freddie Mac crank up the charges
It may not be what home buyers, sellers and refinancers want to hear, but they need to know: Fannie Mae and Freddie Mac are ratcheting up their mandatory fees and toughening credit score and down-payment rules as of April 1.
Most major lenders already are pricing in these higher fees, effectively raising … (0 comments)
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mortage news: Finally Good News for Home Buyers - 09/11/08 09:33 PM
“Mortgage rates have dropped .5% and are expected to drop even further.” Just recently the US Government has assumed control of the mortgage giants Fannie Mae and Freddie Mac in efforts to stabilize the financial markets. This move was taken as a necessary reaction to financial concerns that Fannie and Freddie could collapse due to financial insecurity. If Fannie and Freddie were to collapse, the housing market would collapse altogether. This is good news for home buyers and aims to put downward pressure on mortgage rates to ensure home loan funding remains available. These necessary steps will help to strengthen the U.S. housing … (1 comments)
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Karen Arbutine
Lake Mary,
FL
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RE/MAX Central Realty
Cell Phone: (407) 928-3788
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