Tag Archive for: fannie and freddie

Loan Buybacks Are Surging and DANGEROUS!

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Russian Mobster Sending Me Lots of Business Around 2004, an agent referred a Russian gentleman to me for a purchase. He was very wealthy, very well-dressed, very polished, very serious […]Read More

Manufactured Homes – Guidelines, Confusion, Tough Appraisals, Higher Rates

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With truly affordable homes getting harder and harder to find, many buyers (and agents) are looking at manufactured homes as lower-cost alternatives. But, manufactured homes are not as easy to […]Read More

Fannie/Freddie Yank Their 1/2 Point Refi Fee

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On Saturday night my wife Heejin and I had a wonderful date at an outdoor Italian restaurant. The food and weather were perfect, and the ambiance was even better with […]Read More

Fannie Mae’s New 50 Basis Point Fee Slams Refinance Borrowers

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As I mentioned yesterday, Fannie Mae and Freddie Mac imposed a new fee of 1/2 point, or 50 basis points, on all refinance loans – catching the entire mortgage world […]Read More

Fannie & Freddie Breaking Off From Government Control?

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INTEREST RATES COULD SHOOT UP AT ANYTIME We often remind both borrowers and agents that interest rates are generally expected to remain low for some time, but that does not […]Read More

Jumbo Rates Are LOWER Than Our Conforming; Jumbo vs. Conforming

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Our Jumbo rates are as much as 1/2 percent lower than our Conforming (Fannie and Freddie) rates. Our low Jumbo rates are also available for qualified borrowers down to the […]Read More

2019 Conforming Loan Limit Increases – Good and Bad

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PEOPLE WALKED AWAY FROM MORTGAGE OBLIGATIONS B/C THEY WERE UPSIDE DOWN In 2006, a relative of mine asked me to help her qualify for a condo purchase. Wanting to help, […]Read More

“Jumbo” Rates Now Lower Than Conforming (Fannie and Freddie) Rates

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Fannie Mae and Freddie Mac now have serious competition for “high balance” loan amounts above $453,100. For years, few Jumbo lenders could match Fannie’s and Freddie’s “conforming” loan rates. (As […]Read More

If You Owe Income Taxes, Can You Get a Mortgage? Yes!

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Income Taxes Owed Income tax liabilities are a frequent issue during tax season, and worthy of addressing again. Borrowers can get mortgage financing if they owe income taxes, in most […]Read More

Conforming Loan Limits Way Up For 2018; What It Means

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Fannie and Freddie recently announced their 2018 Loan Limits, and they went up significantly. The “Low Balance” limit for a one-unit property jumped from $424,100 to $453,100. And the “High […]Read More

Condos – Three Numbers To Know

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If you’re looking at a Condo, there are three numbers to know: 1) % of owners delinquent with HOA Dues: Less than 15% of owners must be less than 60 […]Read More