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credit guidelines: Loan Quality Initiative - It's on... - 06/08/10 02:46 PM
 
Lending Guides and The “Loan Quality Initiative”
 
It’s on. Fannie Mae has put into effect their Loan Quality Initiative in order to prevent bad loans to happen. For home buyers and refinancing owners this will mean tougher times to secure a new loan. Does it sound familiar?
Fannie’s Loan Qualify Initiative took effect on July 1st of 2010 and lenders are now scanning files with even bigger and better lenses. The focus this time is on new, non-disclosed debt and lender most likely will be pulling your credit just before closing. The bank’s underwriter will be looking at 3 … (0 comments)

credit guidelines: New Federal Reserve Rules For Credit Cards Coming Up Soon! - 02/14/10 11:56 AM
New Federal Reserve Rules For Credit Cards Coming Up Soon!
Starting February 22, 2010, the Federal Reserve's new rules for credit card companies will take place.
If you use credit cards and pay the balance off monthly, this may not fully apply to you. Nevertheless, it's not a bad idea to understand tha changes.
Some of the changes include:
1. If the credit card company plan on increasing your rate or other fees, they will have to send you a notice 45 days prior of it taking effect.
2. Interest rate increases are not allowed within the first year.
3. Statements … (2 comments)

credit guidelines: All About The $7,500 Tax Credit For First Time Buyers - Time Is Running Out! - 01/24/09 09:38 AM
One of the most exciting new provisions of the Housing and Economic Recovery Act of 2008 is the First-Time Homebuyer Tax Credit.  This credit  is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their first homes.  Combine this tax credit with the fact that home prices are at historical lows and indeed it is an ideal time for many first-time homebuyers to purchase homes.
SOME POINTS TO KEEP IN MIND...
1. The credit is available for homes purchased between April 9, 2008 and July 1, 2009
2. The credit amounts 10% of the price of … (2 comments)

 
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Maria Marriott | Real Estate Home Loans www.SacramentoMortgageInfo.com

Roseville, CA

More about me…

First Priority Financial, Inc.

Address: 1050 Opportunity Drive, Suite 145, Roseville, CA, 95678

Office Phone: (916) 606-0349

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