FHFA

A RISE IN NON-FHA SOLUTIONS FOR LOW-VALUE HOMES

Written on November 15, 2016 at 9:54 am

Along with FHA, a little known financing instrument called a contract for deed have helped low-credit borrowers, according to Daren Blomquist with RealtyTrac. Read more, Source: Builder News, November 10, 2016) Read More...

Thousands of ‘Underwater’ Borrowers to Get Relief

Written on April 15, 2016 at 1:48 pm

WASHINGTON — [April 14, 2016]  The Federal Housing Finance Agency said on Thursday that it would move to reduce the loan balances for thousands of borrowers who owe more than their homes are worth.  New York Times article.  Read more.  Read More...

New mortgages to get pricier in 2014

Written on December 18, 2013 at 2:24 pm

Increase in Fannie, Freddie Fees to Hit Borrowers Without Perfect Credit or Big Down Payments.  a group that represents a large share of home buyers. Such fees are typically passed along to borrowers, resulting in higher mortgage rates. Wall Street Journal 12/17/13 article: http://on.wsj.com/JyJnqR Read More...

FHFA recently announced changes to the Home Affordable Refinance Program (HARP)

Written on November 18, 2011 at 3:29 am

The Federal Housing Finance Agency (FHFA) recently announced changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their mortgage loan. As a result of FHFA’s announcement, Fannie Mae will be making the changes to Refi Plus™ (manual underwriting) and DU Refi Plus™ 11/15/11  Read More Read More...

FHFA presents HARP 2.0

Written on October 30, 2011 at 3:31 am

The Federal Housing Finance Agency presents HARP 2.0. Click here to read, straight from the source. No spin, just the original FHFA 10/24/11 News Release.  There will more after November 15th… Comments welcome.   Read More...