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In an effort to minimize the role that Fannie Mae and Freddie Mac play in the market – consumers can plan to pay more to get a mortgage next year. Freddie and Fannie will be charging higher fees in the future on loans to customers who don’t make large down payments or don’t have nigh credit scor...
With less than 13 business days left in 2013, an MI executive stated “The industry is keenly aware of the different approaches/decisions the large Correspondent lenders are taking with regards to BPMI Singles and how to count the fees towards the 3% limit”. Some banks are allowing the lender to ...
This last week was a volatile one, with major events impacting economic data, monetary policy and political action – in spite of this – there was little change in mortgage rates. The Fed is expected to sale bake its bond purchases as soon as next week as its primary conditions appear to have been...