President Obama is scheduled to make a big announcement regarding refinancing underwater mortgages; mortgage-backed securities are up, and Wall Street closes an uneventful day of trading. You want a Market Update? You got it!
How much can you SAVE with today's crazy low mortgage rates? Find out now!
Tag Archives: Fannie Mae
Fannie and Freddie’s Guarantee Fee Increase Boosts Fixed Agency Product Prices – Market Update
Today’s implementation of Fannie and Freddie’s guarantee fee increase caused prices on fixed agency products to skyrocket during early morning hours. Be sure to keep on eye on the market while this week’s jam-packed schedule of the following economic data releases unfolds: Wednesday – Producer Price Index
Thursday – Consumer Price Index, Housing Starts
Friday – Existing Home Sales
New HARP Guidelines: What You Need to Know
The Fed announced the details of its newly updated changes to the Home Affordable Refinance Program which we mortgage folk have dubbed HARP 2.0. The kicker is who will qualify for modifications and who will not qualify?
U.S. Home Refinance Program Unveiled
President Barack Obama is scheduled to announce new refinancing regulations to help those whose homes are valued less than their mortgage.
Tougher Mortgage Standards On The Way: How Will You Be Affected?
Two months from now, Freddie and Fannie will be implementing new, more rigid standards for mortgage rate regulation. Will you be affected?
Has The 20% Down Payment Standard Resurfaced?
Saving enough money for a down payment may be one of the little hurdles along the way to homeowner happiness. While changes in down payment standards may be looming, find out why paying more up front may be beneficial.
Higher Conforming Loan Limit Set to Expire October 1
A strong push by a bipartisan group of lawmakers is being made to prevent a scheduled drop in the loan limit of mortgages backed by Fannie Mae and Freddie Mac.
FHA Could Be Shut Down Over Debt
The Federal Housing Administration (FHA) could possibly shut down. If this occurs, a valuable source of mortgage credit for homebuyers will no longer be available.
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