If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. Starting next week, Fannie Mae is clamping down on the popular loan product.
In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.
Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.
Home values rose in March, according to the Federal Home Finance Agencyâ??s most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February.
A mortgage approval is never final until it’s funded. A host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.
So what do I do sell my Knoxville home on a short sale, loan modification….which is best So your a Knoxville home owner..You are having a tough time making the mortgage payments on your Knoxville home..… read more →
If You Are A Knoxville Homeowner Facing Foreclosure…HAFA May Help You. HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways: Compliments HAMP by providing viable alternatives for… read more →
What is HAFA? The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative overseen by the US Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure,… read more →
Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. Mortgage rates are rising this afternoon.