Mortgage Guidelines
Fannie Mae Rolls Out New Lending Rules December 13, 2010
October 7, 2010 by admin · Leave a Comment
Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines.
2011 Conforming Loan Limits : No Change From 2010
October 6, 2010 by admin · Leave a Comment
In 2011, for the 6th consecutive year, the government is fixing $417,000 as the country’s conforming mortgage loan limit.
Bank Mortgage Lending Policies Appear To be Easing
August 24, 2010 by admin · Leave a Comment
According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.
Yes, You Can Still Get A Mortgage If You’re Pregnant
July 22, 2010 by admin · Leave a Comment
The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled “Need a Mortgage? Don’t Get Pregnant”, the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing.
Your Mortgage Approval Isn’t Final Until It’s Funded
May 14, 2010 by admin · Leave a Comment
A mortgage approval is never final until it’s funded.
A host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.
MSN Money ran a [...]
Fannie Mae Tightens Guidelines On ARMs And Interest Only Products
May 4, 2010 by admin · Leave a Comment
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.
