Tag Archives: bob tedeschi

Fannie Mae, Freddie Mac Dying To Sell Their Foreclosed Homes

A special deal! Bob Tedeschi reports on the good deals offered by Fannie and Freddie to unload foreclosed homes they own. Fannie is offering the best deals. Buyers don’t have to secure mortgage insurance. They don’t need a big downpayment. … Continue reading

Posted in fannie mae, Foreclosure, freddie mac, mortgage | Tagged , , , , , | Comments Off on Fannie Mae, Freddie Mac Dying To Sell Their Foreclosed Homes

Banks Bypass Mortgage Brokers

Bob Tedeschi writes for the New York Times about this new trend of banks giving mortgage brokers the big skip. Why? Banks want to make more money. Why should brokers make money selling their loans? What are the advantages of … Continue reading

Posted in Banks, Broker | Tagged , , , , , | Comments Off on Banks Bypass Mortgage Brokers

Letting The Mortgage Slide

If you can’t pay all your bills, which ones will you take care of it? Americans tend to pay their credit cards and let their mortgages slide. Many people bought homes for investments and now they’ve turned out to be … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Letting The Mortgage Slide

Which Mortgage Payment To Skip?

Bob Tedeschi writes: When faced with the possibility of falling behind on home loans, credit card payments or car loans, borrowers are more likely to choose to let their mortgages slide than the other kinds of debt, according to a … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Which Mortgage Payment To Skip?

New Yorkers Grapple With Housing Bill

Bob Tedeschi writes: The conforming limit, more commonly known as the “jumbo” limit, is the threshold above which Fannie Mae and Freddie Mac cannot buy loans from lenders. When borrowers meet certain qualifications, like minimum down payments and credit scores, … Continue reading

Posted in New York | Tagged , , , , , | Comments Off on New Yorkers Grapple With Housing Bill

Mortgage Brokers Seeing Gloom

Bob Tedeschi writes: NEW YORK’S borrowers could notice a different tone in their discussions with mortgage brokers in coming months, as brokers adjust to a new state law that seeks to stem foreclosures. Among other things, it says that brokers … Continue reading

Posted in New York | Tagged , , , , , | Comments Off on Mortgage Brokers Seeing Gloom

Refinancing With A Fixed Fee

Bob Tedeschi writes for the New York Times: FOR many borrowers, adjustable-rate mortgages, or ARMs, are too risky, even though the interest on such loans is usually fixed for 5 or 7 years at a rate lower than that offered … Continue reading

Posted in ARMs | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Refinancing With A Fixed Fee