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fannie mae: FHA and Fannie Pricing Adjustments - 01/30/08 09:45 AM
The most recent legislation regarding the home loan industry running through Congress has gotten a lot of press coverage. Already through the House, it seems that raises in the loan limits for conforming loans and FHA loans alike will be pushing up to the $729K range. Even if the new limits only last until the end of '08, I think this is great news for the housing industry and consumers.
One thing that we haven't seen covered as much has been the new pricing adjustments that officially go into effect on March 1, 2008. The adjustments come into play on … (3 comments)
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fannie mae: HomeStay to Help Transition Borrowers in Trouble - 04/18/07 01:02 PM
Fannie Mae, one the largest mortgage finance programs in the nation, are initiating a new program called HomeStay in response to the current troubles being seen in the lending market by borrowers stuck in ARM's and other high interest loans. This news comes just a day after subcommittee meetings in Washington over what positive steps the lending market can take in response the recent "subprime fallout". While very little concrete solutions emerged from yesterday's meetings (the general consensus was that the problems faced by the mortgage / housing industry and now very complex and not remedied with a simple legislation change, … (0 comments)
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Brandon Laughridge
Columbia,
IL
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