Category: Mortgage Guidelines

Fannie Mae Loan Limit Reduction Comes Due

September 24th, 2011, No Comments

After September 30, there will be changes to Fannie Mae loan limits for “high value” areas. In addition liquidity guidelines have change, requiring bnorrowers to show more cash after closing.

Is An FHA Mortgage Better Than A Conforming One?

July 26th, 2011, No Comments

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?

Temporary Conforming Loan Limits Expire September 30, 2011

June 8th, 2011, No Comments

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.

Mortgage Guidelines Start To Loosen At The Country’s Biggest Banks

June 1st, 2011, No Comments

The Federal Reserve’s quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for prime borrowers.

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