Mortgage News Blogs & Blog Posts
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Latest Blog Posts on mortgage news
- High Balance Conforming Loan Limits for 2010…Same As 2009! by Picture Perfect San Diego on Nov 17, 2009
Great news for San Diego real estate buyers! Fannie Mae (FNMA) announced that they are keeping 2009’s High Balance Conforming loan limits for 2010. Freddie Mac (FHLMC) made a similar announcement. As we all know, the regular conforming loan l...
- more on Uncle Sam's Slum Lord Ambitions by Fremont Realtor on Nov 13, 2009
CAR just forwarded some more detail on Fannie Mae’s lease for deed program: How to rent your home from Fannie Mae Fannie Mae last week announced a new Deed for Lease™ program. The new program allows borrowers to voluntaril...
- Is Uncle Sam Your New Slum Landlord by Fremont Realtor on Nov 6, 2009
Fannie Mae (which is owned by Uncle Sam), will be implementing a plan for homeowners who turnover their deed to be able to rent their place back. Prospective renters must show that they can afford to pay the new market rental rate and must be able to...
- Adios to the Home Valuation Code of Conduct? by Picture Perfect San Diego on Nov 1, 2009
Did all the complaining work? It appears that the controversial Home Valuation Code of Conduct (HVCC)–an appraisal system that was the brainchild of Fannie Mae and Freddie Mac and caused much aggravation amongst Realtors, home buyers and seller...
- When Does It Makes Sense to Refinance? by Picture Perfect San Diego on Oct 31, 2009
Trying to decide whether or not to refinance your mortgage can be like trying to find treasure on a deserted island. You can shovel a lot of sand and still come up empty-handed at the end of the day. However, you can sift it all down and find tha...
- Will Option ARM Resets Cause a National Crisis? by Picture Perfect San Diego on Sep 26, 2009
Are we in for a national crisis with option ARMs resetting in the next several years, or it is all just a bunch of baloney? Option ARMs were the most popular types of mortgage product between 2003 and 2006, as they provided many borrowers who other...
- High Balance Conforming Loans…Minimum Down Payment Requirements by Picture Perfect San Diego on Sep 10, 2009
Conventional loan amounts up to and including $417,000 are considered Conforming loans, or Agency loans, and are typically backed by Fannie Mae and Freddie Mac. In San Diego County, conventional loan amounts greater than $417,000 and less than or equ...
