Fannie Mae and Freddie Mac Conventional FHA Alternatives

January 31, 2014

in Mortgage Loans | Tagged , , ,

The changes in FHA-backed financing have many homebuyers seeking an alternative and, although it’s been around since 2006, Fannie Mae’s My Community Mortgage Program’s time has come. This is a conventional loan product, ideal for first-time homebuyers lacking a large down payment and with limited credit histories. With flexible underwriting and a 3 percent down [...]

5 Cities Buck Real Estate Trends While Housing Market Still Struggles

January 6, 2012

in This Week in Real Estate | Tagged , , , , , , , , ,

The Debate Over Fannie and Freddie Does the answer to falling home prices and rising foreclosures lie in empowering Fannie Mae and Freddie Mac? That’s what the Federal Reserve thinks. The Fed told Congress this week that part of the remedy for the long ailing housing market could be in allowing the mortgage Goliaths to [...]

Real Estate News: Do We Need Freddie Mac and Fannie Mae?

September 16, 2011

in This Week in Real Estate | Tagged , , , ,

There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie [...]

With 30-Year Mortgage Interest Rates Low, Is it a Buyer’s Market?

August 12, 2011

in This Week in Real Estate | Tagged , , , ,

S&P Downgrades Ratings of Fannie Mae and Freddie Mac Exactly a week ago, Standard & Poor deemed the U.S. a not-so-lucrative investment by lowering the country’s credit rating. Wall Street hated the news. If that wasn’t bad enough, S&P added more salt to the wounds on Monday by downgrading its rating of mortgage behemoths Fannie [...]