investors: Vital Big Changes Announced by Freddie Mac on Refinancing Current Loans - 05/27/08 12:11 PM
Freddie Mac announced a few days ago that they will no longer refinance any property that has been in an LLC for the past 6 months. This includes single family up to 4-plexes.
Freddie Mac and Fannie Mae, both government agencies, own 90% of all loans, both conforming and non-conforming.
May (0 comments)
investors: Fed Raises Inflation Outlook - 05/23/08 07:53 PM
This week, mortgage investors focused on the Fed, inflation, and oil prices. The week started off on a positive note, and mortgage rates fell on Monday and Tuesday. Even higher than expected levels of core inflation in Tuesday's Producer Price Index had little impact. The atmosphere changed quickly on Wednesday, (0 comments)