Real estate blog entries tagged with declining

Blog entries tagged with "declining":

declining: ***Declining Markets*** - 06/12/08 10:33 AM

Declining Market Issues? Go FHA!
No longer do you need to wait 60-90 days to close an FHA loan! I can close an FHA mortgage within 3 weeks MAX! FHA appraisal guidelines are less strict and you can go up to 97% LTV!
Contact me today for further details!
… (1 comments)

declining: Fannie Mae's turnabout on Declining markets. Will it really help? - 05/19/08 12:03 AM

Fannie Mae announced that they will no longer require an extra 5% down payment for purchases in "Declining Markets" beginning June 1. The real question is will this change help. The answer is Yes for some borrowers, and not at all for others. There are 2 factors above and beyond Fannie … (0 comments)

declining: Mortgage Lenders Get "Once Bitten, Twice Shy" And Impose New Restrictions - 04/11/08 01:07 PM

Getting approved for a conforming home loan is now tougher than before.
Again.
As home loan defaults mount, government-sponsored financier Fannie Mae has imposed new guidelines on what it will lend and to whom, highlighting the need for a strong credit profile and a downpayment.
In other words, Fannie Mae is outright declining … (0 comments)

declining: Is The Bottom Behind Us? - 04/02/08 09:20 PM

In my local market of Roseville/Como Park of the Twin Cities (St. Paul/Minneapolis) in Minnesota it appears either the spring market is here or we are seeing a turn around. In the past month or so the active listings are not rising very fast, in fact in some areas the active … (5 comments)

declining: Goodbye to Declining Markets? - 02/07/08 09:28 PM

Many agents and lenders have recently had to struggle with Fannie Mae and Freddie Mac's guidelines on declining markets. These guidelines require in most cases a minimum of a 5% down payment for a conventional mortgage. On investment property that down payment requirement was even greater.
Rumor has it that Fannie and … (0 comments)

declining: Line Dancing: More Than A Country Music Fad - 01/22/08 05:22 PM

I was never any good at line dancing. Nor did I look good in tight jeans, boots, and a cowboy hat. But the line dancing this post refers to isn't done to a Brooks and Dunn song. The DJ in this case is Fannie Mae. The tune they are playing is … (10 comments)

declining: Decling Markets - The end of the World? pt 2. - 01/19/08 01:16 PM

As I shared in my first post, I definitely do not think that declining markets are the end of the world. In all honesty, I believe it can actually open the market to new potential buyers who may not have been able to buy previously. Low interest rates, coupled with low … (0 comments)

declining: Declining Markets - The end of the World? - 01/19/08 08:48 AM

Absolutely not! Even though my catchy headline (I should stop thinking so highly of my writing ability) would have you think that the sky is falling and the world is ending, the truth is it is not. There are still many ways for a buyer to purchase with a limited down … (5 comments)

declining: It's All Perception! - 01/11/08 06:53 PM

I find it funny that in 2007, every other news story on local television here in Central Florida, was another story of the “sub prime meltdown” and the imploding Florida market. But that is the way of TV media – exploit a story until it dries up, or people are so … (20 comments)

declining: **IMPORTANT information regarding DECLINING markets - 01/04/08 12:36 PM

FNMA & Freddie Mac have both restricted the maximum loan-to-value and combined loan-to-value ratios for properties located within a declining market to five (5) percentage points less than the maximum permitted for the selected mortgage product.

Please see FNMA Announcement 07-22 dated Dec. 5, 2007 and Freddie Mac Bulletin dated … (3 comments)