Effective June 1, 2008, Fannie Mae and Freddie Mac have dropped their "declining market" policy requiring an addition 5% down payment for properties determined to be in declining or "at risk" markets. Hopefully this will impact Jumbo loans as well as conforming loans but a formal announcement has
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05/28/2008
I attended a seminar sponsored by Countrywide Mortgage on Tuesday May 6th at the Crowne Plaza in Tysons Corner, Virginia which featured Tom Fiddler, an expert in the real estate industry. It definitely put the current real estate market in perspective. He gave some background about the bond rati
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05/09/2008