Posts Tagged ‘Fannie Mae’
If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent.
Tags: Fannie Mae, High-Cost Area, Loan Limits
Posted in Mortgage Guidelines | Comments Off
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Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.
Tags: admin, Fannie Mae, LLPA
Posted in Mortgage Rates | Comments Off
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Fannie Mae rolls out new mortgage guidelines Monday. Therefore, if you’re in the process of applying for a conforming home loan, consider giving your complete application by the close of business Friday.
Tags: Fannie Mae, Gift Funds, Mortgage Guidelines
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Conforming mortgage rates may be posting all-time lows this week, but that doesn’t mean you’ll be eligible for them. You may have already called your loan officer and found this out the hard way. It’s because of a federally-mandated mortgage-pricing scheme known as “loan-level pricing adjustments”.
Tags: Fannie Mae, LLPA, Risk-Based Pricing
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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.
Tags: Fannie Mae, Interest Only Mortgage
Posted in Mortgage Guidelines | Comments Off
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A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.
Tags: Credit Repull, Fannie Mae, LQI
Posted in Mortgage Guidelines | Comments Off
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The Federal Reserve says that financial markets “remain supportive of economic growth”. Residential mortgage guidelines, however, continue to tighten. If you’ve applied for a home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things. The hard proof of the changes, however, can be found in the Federal Reserve’s quarterly survey of its member banks.
Tags: Fannie Mae, Federal Reserve, Senior Loan Officer Survey
Posted in Mortgage Guidelines | Comments Off
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For the first time this year, Fannie Mae announced significant updates to its mortgage underwriting guidelines. The changes include newer, harsher ARM qualification standards, the elimination of a once-popular loan product, and tighter rules for interest only mortgages.
Tags: Fannie Mae, Interest Only, Mortgage Guidelines
Posted in Mortgage Guidelines | Comments Off
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