Fannie Mae and Freddie Mac are adding pricing adjustments to loans with Fico scores of less than 680. The pricing adjustments are taking place March 1, 2008 but lenders are implementing the changes now. National City Mortgage has already added in the pricing adjustments to their loan products.
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11/30/2007
Just released today November 27, 2007Washington, DC - Office of Federal Housing Enterprise Oversight Director James B. Lockhart today announced the maximum 2008 conforming loan limit for single-family mortgages purchased by Fannie Mae and Freddie Mac (the Enterprises) will remain at the 2007 leve
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11/27/2007
There will be a Free Real Estate Investment Seminar on Rental Properties on December 19th at 6:30 PM till 8:30 PM at Citizens Lending Group's Office in Newark, Delaware. The seminar will cover how to analyze a property to buy for a renatal unit, how to calculate the cash flow on the property, ho
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11/22/2007
H.R. 3915, The Mortgage Reform and Anti-Predatory Lending Act of 2007, passed the House by a vote of 291 to 127 on Thursday 11/15/2007, the first major step in the 3-step legislative process. The bill now heads to the Senate where, if it passes, it would then go to the President for his approval.
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11/20/2007
Fannie Mae is changing their guidelines again that will make it harder for First Time Home Buyers with little money to buy a home. Currently the My Community Loan Program allows for up to a 6% seller paid closing costs. This is changing on December 1st, the maximum is now going to be only 3% se
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11/20/2007
There will be a Free Seminar on Real Estate Investing. This is the first in a 3 part series. This seminar is Getting Started in Real Estate Investing. The seminar will first cover what preparation one needs to make in order to get ready to start investing in Real Estate. The seminar will also
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11/18/2007
There will be a Free First Time Home Buyer Seminar on Saturday December 15, 2007 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in
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11/18/2007
There will be a Free Seminar on Understanding Credit and Credit Repair on Saturday December 8th at Citizens Lending Group's Office in Newark, DE. The seminar will be from 10:00 AM till Noon. The seminar will cover the crrent credit scoring model used by the three major credit bureaus. The semi
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11/18/2007
