As you shop for a mortgage, you’ll likely hear the terms conforming and non-conforming thrown around. It’s important that you understand these terms and figure out how you fit into them in order to determine which loan is right for you.Compare Offers from Several Mortgage Lenders. What are Read more
Home Possible Income and Property Eligibility Guidelines
If you are a credit-worthy borrower that just doesn’t have a large down payment, you may be a good candidate for the Home Possible program. This Freddie Mac program provides you with conventional financing while only requiring a 3% down payment.Looking for Current Mortgage Interest Rates? Click Read more
Fannie, Freddie to Update Credit Score Reqs, Seek Stakeholders Input
The Federal Housing Finance Agency is seeking the opinion of mortgage lenders, professionals, and relevant housing stakeholders regarding Fannie Mae and Freddie Mac’s update on their credit score requirements.This update entails a shift in the use of Classic FICO scores to another scoring Read more
Freddie Mac Suspends Evictions Nationwide, Foreclosure Sales in Disaster Areas
Borrowers with foreclosed homes owned by Freddie Mac are in for a good news this holiday season: the agency is suspending eviction lockouts nationwide until January next year.This is accompanied by a separate suspension of foreclosure sales in eligible areas hit by hurricanes Irma, Harvey, and Read more
FHFA: 142.7K Refinances Completed in Oct., HARP® Nears 3.5M Refi Mark
Federal Housing Finance Agency, or FHFA, reported an increase in refinances for the month of October 2017 as mortgage rates in September remained low.At the core of the FHFA’s October 2017 report were refinances through the Home Affordable Refinance Program® that are moving closer Read more
