FNMA

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...

Mortgage Choice? H.R. 1077 is Dead; Replaced with H.R. 3211

Written on October 3, 2013 at 2:40 am

Never underestimate a determined opponent. On September 28, 2013, shortly before Congress shut down, a bipartisan group of representatives from the House Financial Services Committee introduced a RESPRO-sponsored piece of legislation known as H.R. 3211, the Mortgage Choice Act. Read More...

Title Insurance as risk management for lenders and consumers

Written on June 26, 2013 at 3:05 am

Housing finance reform legislation, introduced on a bi-partisan basis by 2 U.S. Senators as announced on June 25, 2013, calls for recognizing the value of title insurance as a risk management standard for lenders and consumers. Read More...

FNMA and FHLMC Deeds in Cape May, Camden and Burlington Counties

Written on September 25, 2012 at 3:11 am

The Cape May County Clerk and Camden County Clerk, and possibly the Burlington County Clerk will no longer record deeds coming out of FNMA (Fannie Mae) and FHLMC (Freddie Mac) with affidavits of realty transfer fee exemptions. Read More...