by evan | Feb 25, 2009 | Rockwall Texas Living Video Blog
Effective April 1, Fannie Mae and Freddie Mac will increase the “delivery” fees they charge lenders based on FICO scores, down payment amounts and other loan characteristics. Under the new guidelines, even applicants who assumed that their FICO credit...
by evan | Sep 9, 2008 | Rockwall Texas Living Video Blog
As long as the federal government continues to indicate they are willing to redraw the promises contained in mortgage loans, investors will be wary of buying more mortgage bonds. Hence the interest rates on mortgages will stay higher than normal. That’s how the...
by evan | Sep 5, 2008 | Rockwall Texas Living Video Blog
The federal government has taken control of twin mortgage giants Fannie Mae and Freddie Mac and the $5 trillion in home loans they back. The move, announced Sunday, places the two companies into a “conservatorship” to be overseen by the Federal Housing...
by evan | Mar 4, 2008 | Rockwall Texas Living Video Blog
Fannie Mae and Freddie Mac, the biggest sources of financing for U.S. home loans, have reached an agreement with New York Attorney General Andrew Cuomo to buy mortgages only from lenders that adopt new standards intended to ensure independent home appraisals. The new...
