The Government’s Future Role in Mortgage Financing
We have already seen that in April FHA is increasing it’s monthly MIP to 1.15% from .9%, this is to further stabilize FHA overall.
View ArticleImpact of Reducing FNMA Loan Limits
Here in the Carolinas, we may feel the impact lies more with those customers who have homes to sell in these “high cost” areas, but the “pool” of qualified buyers of their homes will be impacted...
View ArticleMortgages and Utility Costs: New Legislation Pending
If enacted, the bill would require all government-sponsored lenders (so that includes FHA, Fannie Mae and Freddie Mac – more than 90% of the current mortgage market) to include monthly utility costs in...
View ArticleHARP 2.0 What Do I Have to Know First?
The most recent program is referred to as Home Affordable Refinance Program (HARP) 2.0. This program is open to borrowers whose mortgages are owned by either FNMA or Freddie Mac, which are conventional...
View ArticleHARP 2.0 is Here!
Earlier this year, Fannie Mae (FNMA) and Freddie Mac announced that they would offer new refinancing opportunities for homeowners who are underwater on conventional mortgage programs guaranteed by them.
View ArticleWhy Do Lenders Ask So Many Questions?
The past 2 years have seen tremendous changes in the Mortgage process, especially when it comes to documentation. Just when we think we have seen the last of possible changes in Mortgage underwriting,...
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