Real estate blog entries tagged with mortgage brokers by Perry Thomas (Keller Williams)

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Home : Blogs : Perry Thomas : Perry and Lynn Thomas : Tag "mortgage brokers"

mortgage brokers: Mortgage News Update - 06/08/09 11:00 AM

Fannie Mae changed the rules for condo purchases. 70% of new projects (new construction) must be sold in order to qualify the unit as a Fannie Mae project. In the past, 51% of the units had to be under contract. Fannie Mae has tightened the guidelines in order to prevent further loss of revenue from these projects. If 70% of the new projects are not sold, financing has to come from other sources.

Warehouse lending has become more difficult. In 2003, at the height of the mortgage industry, more than 50% of the Mortgage business was originated by Mortgage Brokers. … (0 comments)

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Perry Thomas

Louisville, KY

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Keller Williams

Address: 1230 S. Hurstbourne Pkwy, Suite 100, Louisville, Ky, 40222

Office Phone: (502) 371-1173

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Perry and Lynn Thomas discuss life and Real Estate in Louisville Kentucky

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