Tag Archive for: fannie mae

Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of part-time jobs instead of full-time jobs, making new jobs data much less rosy; (3) the double counting of new jobs because of the way openings are posted online; (4) “quiet cutting” where employers shift employees into lower-paying jobs; (5) much less job switching; and (6) less confidence in employers, based on employee surveys.Read More

Rates Hit 23-Year High (I Hate It When That Happens)

Mortgage interest rates rose yesterday largely in response to the release of Fed Minutes – and they are now at levels not seen since 2000. Here are a few interesting […]Read More

The Appraisal Type Everyone Should Avoid at All Costs! 5 Appraisal Types

Today’s blog was written by JVM’s Appraisal Manager, Taylor Allen. She orders our appraisals, manages our appraisal team, carefully curates and manages our huge stable of appraisers, reviews appraisals, rebuts appraisals, […]Read More

Fannie’s Greatest Hits; First-Time Buyers Don’t Get Hit! Watch For Hidden Points!

In February, I blogged about Fannie Mae’s Greatest Hits, referring to all of the things that can impact an individual’s interest rate. These things include credit score; loan amount; property […]Read More

What Are Fannie Mae LLPA Waivers And How Do They Work?

If you’re in the market to purchase a home for the first time, you may have come across the term “LLPA waivers” in relation to Fannie Mae and Freddie Mac loans. Understanding LLPA waivers is crucial for potential homeowners to make informed decisions and potentially save on mortgage costs. In this blog post, we’ll walk you through the key aspects of LLPA waivers, explaining what they are, how they work, and how you can benefit from them.Read More

Refinancing Is Now Way More Expensive – Or More Difficult

This short IG video, titled “Refinancing Is Going To Be More Expensive Than Ever” was making the rounds on social media recently. We were getting questions, so I decided to […]Read More

Fannie Mae Is Making STRONG Borrowers SUBSIDIZE WEAK Borrowers

In what was one of many failed social experiments of the 1970s, my high school in AZ did not enforce attendance. And – needless to say – with ample sunshine […]Read More

FHA Rates Even Lower! I Hope Buyers Stay Home :)

Boomer Error! On Friday, I pointed out how FHA rates are now often far better (by over 1%) than Fannie Mae Rates in this blog: FHA Keeps Beating Fannie Mae! […]Read More

Rates Climbed 1% in February! Great Opportunity For Buyers!

Why Is My Client’s Rate So High? That is a question we have heard from several agents over the last week. The primary reason is usually just a misunderstanding of […]Read More

Fannie Mae Is Raising Rates for STRONG Borrowers

Approximately 85% of FHA loans are for first-time homebuyers. In contrast, about 50% of Fannie Mae’s and Freddie Mac’s “conforming loans” are for first-time homebuyers. As a quick reminder, FHA […]Read More

FHA Just Got Even MORE AMAZING! (MIP Cut By 30 Basis Points!!)

I used to blog quite often about how advantageous FHA loans are for a variety of reasons – In Defense of FHA/Misconceptions Persist. The reasons include: 1. Rates much lower […]Read More

First-Time Homebuyers = Expansive Term; Maximum Age For Mortgage; Competitors Come to Us

Competitors Come To Us For A Mortgage We frequently have individuals from competing mortgage lenders come to us for mortgage financing because (1) we have more loan programs than they […]Read More

Who Buys Loans From Mortgage Banks; How It Works & Why It Matters

Most mortgages in America are funded by “mortgage banks” – which are entities that solely originate, underwrite, and fund mortgages; they do not hold deposits or do any of the […]Read More

Fannie Mae’s Greatest Hits! (You Don’t Want To Miss This)

We recently locked a refinance for a borrower at 6.875% – after he was quoted 5.25% by another loan officer. The borrower did not use the other loan officer because […]Read More