Archive for the Fannie Mae & Freddie Mac Category

Mortgage Rate Update

Rhonda Porter on 11 20, 2009 | No Comments

Underwriting guidelines continue to get tougher.  This week FHA tightened her belts on streamline refinances and over the weekend of December 12, 2009,  Fannie Mae's DU 8.0 will be implemented.  

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Fannie Mae Announces Deed for Lease Program

Rhonda Porter on 11 5, 2009 | 29 Comments

In a press release this morning, Fannie Mae announced a new program for homeowners who are facing foreclosure and who do not qualify for a loan modification:  Deed for Lease.  Distressed homeowners

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The Fed’s new GFE Helping to Insure Consumers Get ‘It’?

Adam Stein on 08 24, 2009 | 7 Comments

The Fed's new GFE Helping to Insure Consumers Get 'It'?

[Editor's Note: I'm excited to publish this guest post from Adam Stein on changing role of good faith estimates. He's a long-time local mortgage professional with Cascade Pacific Mortgage. ] The F

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FHFA Gives the Green Light for 125% LTVs on HARP Refi’s

Rhonda Porter on 07 1, 2009 | 21 Comments

The Federal Housing Finance Agency just issued a press release that Fannie Mae and Freddie Mac are authorized to expand the Home Affordable Refinance Program to 125% loan to value.  The existing limi

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