home buying: Fannie Turns a Profit. What's in Store For Home Buyers?
- 02/28/11 05:46 AM
It's the first time in three years, but Fannie Mae's Q4 earnings are actually in the black. What's up with that? If you've purchased a home in 2009 or 2010 you know that a big reason is due to new lending guidelines which has given every Realtor, Originator and Processor ulcers. BUT, their conventional loan book of business is looking really strong with a weighted loan-to-value at 68% and a weighted overal credit score of 762. It's a nice headline but the let's not forget about the $91.2 billion in taxpayer support Fannie's requested since placed into conservatorship in September 2008. … (0 comments)
home buying: Home Buying in San Diego
- 03/08/10 07:26 AM
Home buying in San Diego http://www.NewTeamRealty.com/vip.asp - an interesting new challenge in today's market. So many new and exciting questions are being asked in homes for sale today: Why is this home still on the market after a month if it has 38 offers? Why is it that, even if you bolt out the door the second a new (new may not be the right word since it smells like cat pee, but new to you perhaps) Bank Owned home is listed, with an above asking price offer in hand, you still have to wait a month or two to find … (1 comments)
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It's the first time in three years, but Fannie Mae's Q4 earnings are actually in the black. What's up with that? If you've purchased a home in 2009 or 2010 you know that a big reason is due to new lending guidelines which has given every Realtor, Originator and Processor ulcers. BUT, their conventional loan book of business is looking really strong with a weighted loan-to-value at 68% and a weighted overal credit score of 762. 
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