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HomePath Loans and First Look Program for Fannie Mae Foreclosed homes-Tampa, Fl

How the Homepath program works:  Fannie Mae’s new HomePath REO Mortgage Loan Update! Don’t wait Buyer Incentives now available through the deadline  October 31, 2011 Fannie Mae, the agency sponsored by the U.S. government to help make housing more affordable to all Americans, now offers HomePath, a special new home loan to finance the sale of its […]

Posted in: Fannie Mae, Foreclosures and Bank Owned Tagged: Foreclosures and Bank Owned, Home Path Mortgage, Tampa Bank Owned property

Fannie Mae is rolling out new lending guidelines

Fannie Mae is rolling out new lending guidelines Tuesday, September 1, 2009.  Being approved for a home loan could be much more difficult. The new rules mark the first major underwriting update since April of this year.  The changes are mostly geared at fraud prevention. Among the updates: Stock options are no longer eligible for “reserves” Relocating families […]

Posted in: Fannie Mae, Financing and Mortgage News Tagged: Financing and Mortgage News, New Fannie Mae guidelines

New rules raise the bar for condo mortgages- Tampa, Fl

 In a move that will make it even more difficult to qualify for a condo loan, Fannie Mae is putting a host of new conditions on mortgages for condominiums.    View from 345 Bayshore Condo Lending giant Fannie Mae is slapping tough new requirements Fannie Mae’s timing ”couldn’t be worse,” said Jack McCabe, a South […]

Posted in: Fannie Mae, Financing and Mortgage News, First Time Home Buyers Tagged: approved FHA condos tampa, Condo Market News, Fannie Mae Loans, investing in condos, New Guidelines on Condo loans

Credit Crisis & Real Estate Markets Report

Credit Crisis & Real Estate Markets Report Federal Reserve Board Slashes Fed Funds Rate On December 16, 2008, the Federal Reserve slashed the target range for the federal funds rate to 0%-0.25%–a clear signal that Chairman Bernanke and other members of the Board will take all necessary steps to achieve economic recovery. The press release […]

Posted in: Fannie Mae, Financing and Mortgage News, First Time Home Buying Advice, Mortgage Rates Tagged: credit crisis, Financing and Mortgage News, home ownership tax credit, resources for statistics in housing market

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