Tag Archives: Freddie-Mac

Quick Hit on Economic & Mortgage Picture for Week of 09/15/2014

Posted ago by Cary Cox

ShareThe economy still seems to be stuck in low gear, we are moving forward albeit at a painstakingly slow pace. Mortgage applications have been down, which is never a good sign for the housing recovery which needs to drive the …

New Mortgage Rules & Loan Limits

Posted ago by Cary Cox

ShareThe mortgage business is one that is in constant flux with the governement, regulators, and lenders trying to fine tune the mortgage market so that we never have another mortgage-implosion like we did late in the last decade. The one constant …

Today’s Mortgage News

Posted ago by Cary Cox

ShareLot’s of great information sent to us from our lending partner at NYCB: Last week was a busy news week. That news created big moves in the market. However, the net change for the week was almost nil. The big …

FHA Mortgage Updates

Posted ago by Cary Cox

ShareAs always the rules for the FHA Mortgage program like the Fannie-Mae and Freddie-Mac mortgage programs are always changing. Why do these mortgage programs change? In the case of the FHA mortgage program it’s about stemming losses and trying to …

Low Mortgage Rates Keep Housing Industry Up

Posted ago by Cary Cox

ShareLow interest rates are helping maintain housing affordability and thus boosting demand for housing. The 30-year fixed-rate mortgage averaged 3.54 percent.  The 15-year fixed rate averaged 2.74 percent. Some of the recent increased demand has comefrom investors. Sales to first-time homebuyers …

FHA Raises Mortgage Credit Guidelines

Posted ago by Cary Cox

ShareThere are faster learners, average learners, and then there are slow learners. When it comes to mortgage lending local & regional banks are the fast learners, Fannie-Mae & Freddie-Mac are the average learners and FHA bless their heart they can …

Mortgages With Non-Occupying Co-Borrowers

Posted ago by Cary Cox

ShareMany times in order to qualify for a mortgage loan the person occupying the home may not qualify for the mortgage on their own. In many cases a Non-Occupying Co-Borrower can be added to the mortgage loan so that the …

FHA Mortgage Bailout

Posted ago by Cary Cox

ShareThe federal government has already made bailouts to mortgage giants Fannie-Mae and Freddie-Mac in excess of one hundred sixty-five billion dollars and it now appears that the agency, FHA, that insures mortgages insured by the government may need as much as forty-three …

Mortgage America or Rental America

Posted ago by Cary Cox

ShareLately there has been a lot of talk about how the United States of America is transitioning from a country of home-owners with a mortgage to a nation of renters that are mortgage free. In fact Morgan Stanley recently released …

Mortgage News – Things I’m Seeing

Posted ago by Cary Cox

ShareThe one constant it seems over the last few years in the mortgage lending industry is change, especially in underwriting guidelines. It seems that Fannie-Mae and Freddie-Mac are constantly tightening mortgage underwriting guidelines for anyone that wants to refinance their …