investment property: Fannie Mae LOOSENED a guideline - a Step In the Right Direction!
- 02/09/09 10:56 PM
Over the last 18 months, since August, 2007, mortgage guidelines have been tightening due to the conditions of the industry. It seemed that every day since then we have gotten updates from Fannie Mae, HUD, Freddie Mac and our individual investors that made mortgage lending a little tougher, albeit still possible and not as hard as the news media states. However, on Friday, I received an email from a fellow mortgage lender in the Tampa area with an attachment from Fannie Mae. A while back, both Fannie and Freddie tightened up lending for buyers of 2nd homes and investment properties to … (0 comments)
investment property: Good Morning, America interviewed me for show on MONDAY, DEC. 15
- 12/13/08 02:18 AM
I was interviewed Thursday for a show that is supposed to air on Monday, December 15 on Good Morning, America. It's about the housing market and how to help people who are behind, as well as what steps could be taken to improve the housing market. I made the following points, but they may edit a lot of it out. I hope you get an opportunity to watch! Thank you to Beth Forbes for part of her ActiveRain post - I made SURE to get that out there, as well! Until we get housing out of it's "deep depression", the rest … (0 comments)
investment property: Florida Real Estate Financing Woes......
- 09/29/08 12:13 PM
Today was NOT the best day in my little corner of the world! I had been out of the office since last Tuesday attending the Florida Association of Realtors convention in Orlando and was back and fired up and ready to hit the streets running! We are a correspondent lender and sell a large percentage of our loans to JP Morgan Chase. This afternoon, I received a bulletin from JP Morgan Chase stating the following changes for Florida: They are no longer financing condos AT ALL; they will no longer finance 2nd homes or investment properties, they will no longer … (2 comments)
Over the last 18 months, since August, 2007, mortgage guidelines have been tightening due to the conditions of the industry. It seemed that every day since then we have gotten updates from Fannie Mae, HUD, Freddie Mac and our individual investors that made mortgage lending a little tougher, albeit still possible and not as hard as the news media states.;)
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