fannie mae: Holiday Shopping Can Cost You When Buying A Home - 01/14/08 06:12 AM
How could holiday shopping cost you when you're in the market for a new home? Running up your credit card balances can cause your credit scores to drop dramatically. Maxing out a credit card is even worse and could cause your credit score to dip below 680. If your score does, your … (0 comments)
fannie mae: Fannie Mae & Freddie Mac's Risk Based Pricing - 01/14/08 06:01 AM
I wrote earlier about "Fannie Mae implementing risk based pricing for all transactions" (see http://activerain.com/blogsview/307005/Fannie-Mae-implementing-risk), but what does that mean to a buyer in today's market? Here are some examples of the fees from Bankrate.com. Fannie Mae is implementing an "adverse market delivery charge" and Freddie Mac is calling their fee … (0 comments)
fannie mae: Purchasing New Construction Is More Challenging in 2008 - 01/08/08 03:53 PM
Fannie Mae has tightened its guidelines for lending to purchasers of new construction. According to our favorite loan officer, Fannie Mae now requires 90% of the units must be conveyed to purchasers and control of project must have been turned over to the unit owners before a mortgage can be issued meeting … (0 comments)
fannie mae: Fannie Mae implementing risk based pricing for all transactions - 12/14/07 08:14 AM
Significant changes that will take effect on Monday,December 17,2007. On that date Fannie Mae will be implementing risk based pricing for alltransactions. The risk will be determined by credit score AND the combinedloan to value of the purchase. So if your client has a lower credit score(under 680)and/or has very little … (1 comments)
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How could holiday shopping cost you when you're in the market for a new home?
