(Originally published June 6, 2010.) As of June 1st, mortgage giant Fannie Mae is requiring lenders to pull an updated credit report on all borrowers, just prior to closing, in order to confirm …
Condo & Coop Markets Are Going Through A Transition As Fannie & Freddie Change Requirements
(Originally published February 1, 2010.) Don’t look now, but buying or refinancing a condo or a coop just got harder. Over the past two years, Fannie Mae and Freddie Mac suffered huge financial …
Haven’t you Heard? The Lending Industry Is In Crisis.
(Originally published December 26, 2009.) These are interesting times. Fannie Mae and Freddie Mac, the nation’s two largest sources of mortgage money, are under federal control. Lenders …
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Lenders Now Honoring 2009 Temporary Maximum Loan Limits
(Article originally published May 24, 2009.) In an earlier article, I discussed how The American Recovery and Reinvestment Act, which passed in February 2009, had again increased mortgage loan …
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