Hurricane Harvey is predicted to leave in its trail some 300,000 mortgages in delinquency with 160,000 90 days + past due. This is according to Black Knight Financial Services’ latest projections released in September.Nevertheless, the Federal Housing Administration, Fannie Mae, and Freddie Mac Read more
Freddie Mac Offers Disaster Relief Options as Hurricane Irma Approaches
After Hurricane Harvey, Freddie Mac gears up for Hurricane Irma. This major government-sponsored enterprise announced their confirmation about providing disaster relief options especially for regions where Hurricane Irma would strike.Specifically, the report mentioned regions such as Puerto Read more
What Do Appraisal-Free Products Mean for Mortgage?
All mortgages require an appraisal - at least in the traditional sense. Today, advancements in automation may be able to eliminate that entire step - at least for some.A week ago, government service enterprises Freddie Mac and Fannie Mae announced the rolling out of new appraisal-free products Read more
HARP® Gets Extended Through 2018, 143K Homeowners Expected to Benefit
Hear ye, HARP® will not end this September! Home Affordable Refinance Program®, which has given relief to underwater borrowers by letting them refinance and avoid foreclosure, has been extended through December 31, 2018.Plus, changes have been made to Fannie Mae’s and Freddie Mac’s respective Read more
Fannie Mae, Freddie Mac Report Q2 2017 Revenues
Mortgage giants Fannie Mae and Freddie Mac have recently reported their respective incomes for the second quarter of 2017. Both Government-Sponsored Enterprises (GSEs) have seen these revenues as a proof of strong financial results and solid business practices. These GSEs are set to pay their Read more
