Fannie Mae: Consumers think it’s easier than ever to get a mortgage

LPS: December home prices rose 5.8% annually NEW YORK ( — Sales of newly constructed homes rose for the fifth straight month in August, a government report said Wednesday. New home sales inched up 0.7% last month to a.

In fact, it is now easier than ever before to get the mortgage of your dreams. Fannie Mae guidelines on getting a Mortgage loan after foreclosure have reduced the amount of time it takes to get approved for a loan through them. You can now apply just two years after filing for bankruptcy or going through a short sale.

HomeReady Mortgage Info | Fannie Mae - HomeReady Loan The Fannie Mae’s National Housing Survey (NHS) polls a large panel of consumers monthly about their attitudes toward housing and related topics and generally reports on five or six of the survey’s.

Date: Article. Articles are added several times a day . Source. comment. 7/28/15 nyc judge hammers Bad-Faith Banksters For $100K+ Forfeiture Of Unpaid Interest For Its Unresponsiveness To Homeowners’ Loan Mod Requests: HETR

State of New York accuses Evans Bank of redlining It’s 2002, All Over Again: Homeownership Registers Record Drop in 2007 Maxine Waters (D-Calif.) held a press conference. blasted the ethics committee for its charges, cast herself as the defender of minority-owned companies all over the country and answered repeated.The settlement concludes a year-long litigation, commenced by the Attorney General against Evans in the U.S. District Court for the Western District of New York, alleging that Evans had systematically denied its mortgages and services to African-Americans in the Buffalo metro area.

 · First off, a nod to the dedicated real estate columnist kenneth Harney who passed away this week. In lending it’s a full-time job staying abreast of the changes to our industry. Just yesterday, for example, rumors were put to rest with the formal announcement that Freedom Mortgage Corporation agreed to acquire RoundPoint Mortgage Servicing, primarily known for its Agency servicing.

RealtyTrac: Foreclosure activity picked up in 120 metros The Palm Bay and Orlando metro areas, according to RealtyTrac, led the nation in the first quarter. What you have in this market are real buyers, real sellers." "Sales activity picked up last month.

Bracing For The Next crash: mortgage reinsurance Emerges. Fannie Mae updated its private mortgage insurer eligibility requirements (PMIERs) to increase the capital requirements for mortgage.

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Just when we think everything is quiet on the appraisal front, Kate Berry with American Banker writes that Fannie Mae has created a blacklist for appraisers. "In its ongoing effort to flag.

 · One lender may look at your profile and the home you wish to purchase and require 10 percent down, while another may allow you to get by with only 5 percent. One example of this is the new loan programs authorized by Fannie Mae and Freddie Mac that require only 3 percent down on 30-year loans for borrowers with good credit.

 · In return for this service, the typical loan officer is paid 1% of the loan amount in commission. On a $500,000 loan, that’s a commission of $5,000. Many banks pass this cost through to consumers by charging higher interest rates and origination fees.