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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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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