After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”. [Read the rest of Banks Start To Loosen Up In Underwriting]
In 2012, for the 7th straight year, the national, single-family conforming mortgage loan limit will remain at $417,000. [Read the rest of Conforming Loan Limits Unchanged For 2012]
As signed into law last Friday, maximum FHA loan limits are — once again — as high as $729,750. [Read the rest of Maximum FHA Loan Limits Restored To $729,750]
Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government’s revamped HARP program. [Read the rest of Government Releases Additional HARP Guidance For Underwater Homeowners]
After a 2-year easing cycle, the nation’s biggest bank banks report that they’ve reversed course, and are raising the bar on mortgage approvals. [Read the rest of Banks Resume Tightening Mortgage Guidelines]
Oct 252011
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. [Read the rest of The Government's Revamped HARP Program For Underwater Homeowners]
For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent. [Read the rest of Conforming Loan Limits Drop In High-Cost Areas]
Mortgage guidelines appear to be tightening with the nation’s largest banks. [Read the rest of After A Pause, Mortgage Guidelines Resume Tightening]
The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. “Going FHA” is more common than ever before — but is it better? [Read the rest of Is An FHA Mortgage Better Than A Conforming One?]
Jun 082011
If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent. [Read the rest of Temporary Conforming Loan Limits Expire September 30, 2011]
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