freddie mac: Enhancements to Freddie Mac HARP 2 - 02/13/13 02:24 PM
Lenders are always changing the overlays the accept for certain loans and today one particular lender of mine introduced the first true "Unlimited LTV" that I have seen for Freddie Mac HARP 2 since it was released back in March of 2012.
However, there are some catches to obtaining the true "Unlimited LTV" which include a credit score of 680 or better and a debt to income ratio of under 45 perccent.  If you dont meet these guidelines with this particule lender they are still able to help you up to 105 percent LTV.
Of course your loan still needs to be owned … (0 comments)

freddie mac: Fannie Mae and Freddie Mac Placed Into Conservatorship - 09/07/08 10:36 AM
Treasury Secretary Henry Paulson and FHFA Director James Lockhart made the official announcement today that the government will be taking over the two mortgage giants Fannie Mae and Freddie Mac.
The takeover includes an unlimited supply of money that is designed to help Fannie and Freddie increase liquiditability and help strengthen the residential housing market.  It also allows the Treasury to purchase mortgage backed securities that are originated by the two mortgage giants.
Paulson stated "If the Treasury can hold the securities to maturity, taxpayer losses shall not occur, in fact the program could produce gains."  My guess is that the … (4 comments)

freddie mac: Fannie & Freddie.... Setting Up The Mortgage "Bailout" - 03/02/08 03:26 PM
It has been said by many experts around the country that government would not look to "bailout" banks to fix the mortgage problem but, if it was 2 government backed entities would that make a difference?
Even with the loss of billions of dollars that Fannie and Freddie both posted just a few days ago, they both now have the ability to purchase more mortgages from lenders to sell on the secondary market.
The logic behind lifting the restrictions on these two mortgage giants is that by allowing them to purchase more loans it will allow lenders to make more … (0 comments)