Tag Archives: federal home loan mortgage

Refinancing Jumbo Loans

From the Washington Times: Last week I reported that the rates on the so-called "agency jumbo" loans were dropping. Congress recently passed legislation allowing Fannie Mae and the Federal Home Loan Mortgage Corp. (Freddie Mac), the two government-chartered entities that … Continue reading

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Mortgage Market Changes

There’s been a lot of change over the past decade. Nowadays about 70 of home buyers begin their search online. Lenders now decide on a credit by using complicated computer-generated models. They underwrite and process loans via desktop computers. There’s … Continue reading

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Refinance Bills

From Kalamazoo Michigan: Banks will favor the changes Fannie Mae and Freddie Mac proposed early this month to residential mortgage loans, two local lenders predicted. "From a global perspective, anything they will do to calm the markets, provide liquidity for … Continue reading

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Refinance & American Home Ownership

Howard Cincotta writes: Subprime mortgages are high-rate loans for borrowers who cannot qualify for lower-interest conventional loans. During the housing boom of recent years, mortgages were sold as securities. Dreams and Homes Homeownership soared after World War II as a … Continue reading

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