There are many home buyers who are fortunate to receive family help towards their down payment or closing costs. If you count yourself among these home buyers using gift funds …
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Mortgage Lenders Expecting More Regulatory Headaches. How Will This Effect Borrowers?
According to an article published in the National Mortgage News online (Mortgage Lenders’ Many Headaches, 10/02/13), lenders are preparing to deal with a plethora of new regulations and …
President and Congress Moving to End Fannie Mae and Freddie Mac. Is This REALLY The Right Solution?
In August, 2013, President Obama and Congress formalized their desire to dismantle the mortgage giants, Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both FNMA and FHLMC have been blamed in …
What is the most stupid condition you’ve gotten from an underwriter on a mortgage file?
I recently read an article in Loan Officer Magazine, written by Karen Deis, that made me laugh out loud. Karen is the Founder of Loan Officer Training, Publisher of Loan Officer Magazine and Mortgage …
New Streamlined Modification Program To Help Delinquent Borrowers Avoid Foreclosure
Another option will soon be available to help delinquent borrowers avoid foreclosure, as well as help Fannie Mae and Freddie Mac minimize further losses. Beginning July 1, 2013, mortgage …
Fannie and Freddie Reforms Threatened By Record Profits.
After the credit implosion and housing market collapse in 2008, Fannie Mae and Freddie Mac experienced huge losses, mostly caused by their sub-prime mortgage holdings. These losses, …
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