Tag Archives: declining market

Lenders, Insurers More Cautious

Holden Lewis writes: In recent weeks, mortgages quietly became harder to get. Mortgage insurers require higher credit scores and bigger down payments than they did a month or two ago. It helps to have a high credit score. Bob Moulton, … Continue reading

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When Should You Seek A Mortgage?

Jessica Bennet writes: Getting a home loan/mortgage isn’t always tough; what matters is how well you can manage it. Your credit score Your income and liabilities Your down payment 1. Are you debt-free? Have you taken out credit cards, personal … Continue reading

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Fannie Mae Changes Loan Standards

May 16 (Bloomberg) — Fannie Mae, backing down from pressure from homeowner and real estate groups, will allow buyers in markets with falling home prices to purchase houses with 3 percent down payments, potentially increasing the company’s risk. Fannie Mae … Continue reading

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Lending Rules Tighten

Harriet Johnson Brackey writes March 16 for South Florida Sun-Sentinel that refinancing is getting harder, even for those with great credit. Borrowers must pay higher fees than a year ago. "I don’t blame the lenders," said Gene Petrino, a mortgage … Continue reading

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