Government Releases Additional HARP Guidance For Underwater Homeowners
Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government’s revamped HARP program.
Banks Resume Tightening Mortgage Guidelines
After a 2-year easing cycle, the nation’s biggest bank banks report that they’ve reversed course, and are raising the bar on mortgage approvals.
The Government’s Revamped HARP Program For Underwater Homeowners
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance.
Conforming Loan Limits Drop In High-Cost Areas
For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.
After A Pause, Mortgage Guidelines Resume Tightening
Mortgage guidelines appear to be tightening with the nation’s largest banks.
Is An FHA Mortgage Better Than A Conforming One?
The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. “Going FHA” is more common than ever before — but is it better?
Temporary Conforming Loan Limits Expire September 30, 2011
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.
Mortgage Guidelines Start To Loosen At The Country’s Biggest Banks
The Federal Reserve’s quarterly survey of senior loan officers revealed that an overwhelmingly majority of U.S. banks have stopped tightening mortgage requirements for prime borrowers.
Mortgage Guidelines Start To Loosen At The Country’s Biggest Banks
The Federal Reserve’s quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for prime borrowers.
Conforming ARMs From 2004-2006 Are Adjusting To 3 Percent
If you have an adjustable-rate mortgage that’s due to reset this season, don’t rush to refinance. For at least one more year, you can benefit from low rates and low payments. As for the next adjustment, though, that’s anyone’s guess.