Tag Archives for " Fannie Mae "
FHA TO REDUCE ANNUAL INSURANCE PREMIUMS Reduction to increase credit affordability and reflects improved economic health of FHA FHA TO REDUCE ANNUAL INSURANCE PREMIUMS Reduction to increase credit affordability and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today […]Continue reading
According to the announcement made by the Federal Housing Financing Agency (FHFA) last Monday, conforming loan limits will remain the same throughout most parts of the country for 2015. FHFA revealed that Fannie Mae and Freddie Mac’s maximum mortgage limit would remain at $417,000 for all single-unit properties in most areas with $625,000 as the […]Continue reading
A policy change was announced last Wednesday by the Federal Housing Finance Agency (FHFA) allowing Fannie Mae and Freddie Mac to sell existing REO properties at fair market price to any qualified buyer to be determined by the companies. The new policy only applies to single-family REO inventory of Fannie Mae and Freddie Mac, which […]Continue reading
Although policymakers have been hinting on their desire to open the mortgage credit box allowing more borrowers, the CEO of Bank of America claims that the banking institutions aren’t likely to relax on their credit standards any time soon. Bank of America CEO Brian Moynihan, who was one of the speakers during the investor conference […]Continue reading