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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Tight Credit? Or Tight Guidelines? It’s Important to Understand the Difference.
We hear it on the news and read about it in newspapers. “Credit is tight.” Business owners in need of capital complain, “Banks aren’t lending.” And home buyers are still experiencing HUGE …
Changes to Flood Insurance Requirements May Be Around the Corner
(Originally published 12/04/12.) It’s been a while since I checked my crystal ball. To be honest, its predictions have sometimes been fuzzy or even downright wrong. Nevertheless, when I …
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ATTN Realtors and Attorneys: IMPORTANT INFORMATION Regarding Hurricane Sandy and Your Closings
(Originally published 10/30/12.) I hope everyone made it through Hurricane Sandy with minimal damage. As a result of Hurricane Sandy, and in reference to your clients who are currently …
Ellie Mae Issues Staggering Statistics About the Profile of Denied Loans
(Originally published 10/23/12.) Early this year, Ellie Mae, a leading provider of mortgage loan origination software, began publishing an Origination Insight Report. This monthly report …
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