A new -.50 basis point fee was announced this week affecting conventional refinances through Fannie Mae and Freddie Mac loans that close after Sept. 1. For a borrower refinancing a $300,000 loan to take advantage of record-low rates, the move will add $1,500 in new costs. The new fee was announced late Wednesday. Freddie Mac’s …
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This announcement will be a boon to homebuyers looking to stay out of Jumbo loan territory. FHFA Announces Maximum Conforming Loan Limits for 2018 Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100 FOR IMMEDIATE RELEASE 11/28/2017 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits …
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Fannie to Loosen Mortgage Requirements Daily Real Estate News | Wednesday, June 07, 2017 Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a …
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Collateral Underwriter is an automated risk assessment software that reviews appraisal reports for FannieMae regulated mortgages. There has been much discussion that the program (already updated to another version since released at the beginning of the year) is essentially creating a ‘zestimate’ i.e. automatic valuation based on algorithms. Or it could just speed the process …
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