Tag Archives: Fannie Mae

Fannie Mae to Become National Landlord? New Policy Allows Home Owners to Rent

Written by: - November 10, 2009

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10 November 2009 –Fannie Mae is primed to become a landlord on a national scale. Last Thursday, Fannie Mae announced a new program that would allow current home owners in foreclosure to stay in their homes by signing a 1-year rental agreement. After the lease expires, homeowners could then enter a month-to-month lease. This would […]

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Fannie Mae’s Home Affordable Program Coming to Fruition

Written by: - April 13, 2009

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13 April 2009 ? Mortgage rates and home prices are still very attractive. Now is the time to buy or refinance your mortgage. Fannie Mae?s ?Home Affordable? program is coming to fruition, allowing homeowner?s with a Fannie mortgage refinance up to 105% of the home value, and their mortgage insurance situation stays the same. For […]

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Fannie Mae’s New Home Affordable Mortgage Programe

Written by: - April 2, 2009

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2 April 2009 – Depending on the circumstances, we have been doing mortgages in high 4s to low 5s lately. Fannie Mae?s new ?Home Affordable? program is set to be rolling out in a few days, but the specific details are hard to come by. The intent of the program is to reward those who […]

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Why You Might Not Be Able to Get a 5% Mortgage

Written by: - February 5, 2009

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Why You Might Not Be Able to Get a 5% Mortgage

Reaching for 5 Percent Government loan giants Fannie Mae and Freddie Mac, as well as the Federal Housing Authority (FHA), a division of the Dept. of House and Urban Development (HUD), have been slowly, but surely, tightening up guidelines, and making it more difficult for all but the very most qualified borrowers to get the […]

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New Appraisal Rules Will Have An Impact

Written by: - January 10, 2009

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New Appraisal Rules Will Have An Impact

How does the new Home Valuation Code of Conduct (HVCC) recently adopted by Freddie Mac and Fannie Mae affect the appraiser and the consumer? Just as there are many layers to an onion, there are many ways to look at the financial mess this country is in. Some blame the banks, some blame the mortgage […]

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Fed Spends $10.2 Billion, Mortgage Rates Fall

Written by: - January 9, 2009

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Fed Spends $10.2 Billion, Mortgage Rates Fall

The Federal Reserve has bought $10.2 billion of Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities. According to the New York Fedâ??s Web site they bought $6.9 billion of Freddie Mac securities, $2.9 billion of Fannie Mae bonds and $450 million of Ginnie Mae debt.

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