Real Estate Marketing & Beyond

Fannie Mae: Expect 2 more interest rate cuts this year

By Mike Wheatley | August 23, 2019

Mortgage, Real Estate

Redesign of standard mortgage application form is delayed

By Mike Wheatley | August 13, 2019

Fannie Mae and Freddie Mac say that proposed changes to the standard mortgage application form may be delayed. The changes to the Uniform Residential Loan Application form were announced three years ago and due to come into effect from February 1, 2020. But the new form could now be delayed, as the Federal Housing Finance […]

Mortgage, US Real Estate

Most consumers don't know what it takes to qualify for a mortgage

By Mike Wheatley | June 14, 2019

Many consumers have misconceptions about what it takes to secure a mortgage, so much so that some won’t even try to apply for one as they believe they won’t qualify. Consumers often overestimate the minimum credit score and down payment that’s required to obtain a mortgage, even though such information is readily available online. They’re […]

Mortgage, US Real Estate

Fannie and Freddie automate mortgage applications for self-employed workers

By Mike Wheatley | March 19, 2019

Self-employed and freelance workers should find it easier to apply for a mortgage thanks to a newly automated system created by Fannie Mae and Freddie Mac. Previously, many self-employed and freelance workers have struggled to qualify for a mortgage, as they need to provide a ton of additional paperwork to prove their incomes. The process […]

Mortgage, Real Estate

Fannie Mae provides guidance for mortgage issuers

By Mike Wheatley | January 6, 2019

Fannie Mae has issued guidance to lenders this week, explaining how they can continue to originate mortgages during the government shutdown. The guidance is necessary because verification of employment, social security numbers and other details could be troublesome at this time, officials said. The partial government shutdown has now been ongoing for 14 days, and […]

Mortgage, US Real Estate

Fannie Mae & Freddie Mac announce foreclosure moratorium for Xmas

By Mike Wheatley | December 13, 2018

Fannie Mae and Freddie Mac, the government sponsored mortgage servicing giants, have both announced a nationwide suspension of eviction lockouts on foreclosed homes for the duration of the Christmas and New Year holidays. The moratorium on foreclosures will run from December 17 to January 2, and will apply to any foreclosed occupied home that’s owned […]

Mortgage, US Real Estate

Freddie Mac failed to hit low income housing goals in 2017

By Mike Wheatley | November 2, 2018

Government sponsored enterprise Freddie Mac failed in its bid to meet its low-income housing goals for 2017, according to a new report from the Federal Housing Finance Agency published this week. In the report, the FHFA lays out a benchmark level and a market level for each of the low-income housing goals for both Freddie […]

Mortgage, Real Estate

Too much paperwork with mortgage applications, borrowers say

By Mike Wheatley | August 31, 2018

Home buyers wish the process of obtaining a mortgage could be both faster and less confusing. But at the same time, they’d also like more personal interaction

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