Real estate blog entries tagged with lending guildines

Blog entries tagged with "lending guildines":

lending guildines: What Is All The Frenzy On Wall Street? - 07/18/08 08:34 PM

A year ago federal officials looked at Fannie Mae and Freddie Mac and declared that all was well. The two government-sponsored enterprises (GSEs) largely held conventional loans, though they were about to acquire subprime mortgages.

"Although their $40 billion-plus planned commitment to subprime over the next several years is small … (0 comments)

lending guildines: Property-flipping rule suspended - 06/20/08 08:31 PM

The White House temporarily suspends a rule that imposes a 90-day waiting period before foreclosed homes can be sold to receive government loans.WASHINGTON (AP) -- The Bush administration is temporarily suspending a 5-year-old rule intended to deter property flippers, as part of an effort to help speed the sale of foreclosed … (0 comments)

lending guildines: 30-Year Mortgage Rates Drop - 05/24/08 08:27 PM

After four weeks in an upward trajectory, Freddie Mac reports that long-term mortgage rates are falling again. The average interest on a 30-year fixed loan settled at 5.98 percent this week, down 0.03 percent from the prior week. Rates on 15-year fixed mortgages, meanwhile, slipped 0.5 percent for the week to … (0 comments)

lending guildines: Fannie Mae Scraps Declining Markets Policy - 05/16/08 08:12 PM

Fannie Mae will no longer require borrowers to put up an extra 5 percent down payment when purchasing homes in areas deemed "declining markets," the country's largest secondary mortgage market company said Friday. Fannie Mae had been hearing concerns from REALTORS® and others for months that its declining-markets policy was bad … (0 comments)

lending guildines: Upcoming Underwriting Guideline Changes and Congressional Updates - 05/09/08 05:18 PM

Fannie Mae and Freddie Mac have been very busy lately revising their policies to reflect current market conditions. I wanted to notify you as to the major changes that you will see as a result of these modifications. Most of the effective dates for these changes will be June 1, 2008. FNMA - Announcement Acceptable Elapsed … (0 comments)