Mortgage Specialist
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(Originally published 09/11/12.) According to The Wall Street Journal (Tighter Lending Crimps Housing, June 25, 2011), in 2010, the nation’s 10 largest lenders denied 26.8% of their loan …
Continue Reading about “Big Banks” Denying Over One-Third of All New York Loans! →
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(Originally published 07/24/12.) Thousands of people are refinancing to take advantage of today’s record-low rates. Yet many borrowers are experiencing last-minute issues that can cause …
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A few months ago, I informed you that the Fannie Mae, Freddie Mac, and FHA extended loan limits are due to expire on October 1, 2011. (Click here to read my original article, Maximum Loan …
Continue Reading about Maximum Loan Limits Being Reduced?? (Part II) →
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In 2008, when the mortgage implosion began, the availability of jumbo money became scarce. (Jumbo mortgage loans for single-family homes are loan sizes that exceed $417,000. Two through four family …
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Are The Days Numbered for Fannie Mae and Freddie Mac? There’s no question that there are major problems at Fannie Mae and Freddie Mac. But the Obama Administration is about to throw the …
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Shopping for a mortgage rate has just become a bit more difficult. In 2008, both Fannie Mae (FNMA) and Freddie Mac (FHLMC) created and implemented Risk-Based Pricing Overlays that affected …
Continue Reading about Fannie and Freddie Increase Their Risk-Based Pricing Overlays →
