There are new condo rule changes for Fannie Mae and Freddie Mac loans as of March 2026. Fannie Mae and Freddie Mac back many mortgage loans in the United States. Though they don't directly lend, they do purchase loans from banks, so their rules and regulations affect many conventional mortgage loans. Mortgage companies rely on [...]
The Case Shiller Mid-2014 Report is out and shows what many of us having been seeing locally -- that home prices have slowed. Per the Housing Wire article on the report, “Home price gains continue to ease as they have since last fall,” says David Blitzer, Chairman of the Index Committee at S&P Dow Jones [...]
Fannie Mae and Freddie Mac are freezing foreclosure proceedings on homes from December 20, 2010-January 3, 2011 in an attempt to join in the holiday spirit for those who will lose their homes. What they will prevent is people being evicted from their homes during this time period, hopefully allowing families to spend one last [...]
Beginning December 12, 2009, Fannie Mae will have new requirements on credit scores and debt ratios for all of their conventional loans. Prior to this change, the lowest credit score a borrower could have for this type of loan was 580. The new lowest score is 620. This is not negotiable, even if you are [...]
Yes, believe it or not, you read that right. Tasha Linton, of Atlantic Home Equity Mortgage shared with our office that they are offering 105% Refi Plus on Fannie Mae or Freddie Mac Loans! What's the deal? Primary and investment properties qualify (no limit to amount of properties owned). You can refi up to 105% LTV [...]