Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Fannie Mae Loan Buyback Requests Up More Than 60% Year Over Year While many expected the disturbingly high number of GSE directed repurchase demands to mortgage lenders on nonperforming loans to crescendo in 2009 – 2010... - Voice of...
The National Association of Home Builders ( NAHB ) urged Congress this week to move forward on legislation to improve energy efficiency and sustainability in housing without driving costs above manageable levels. Jerry Howard, NAHB executive vice president and CEO testified before a House Financial Services...
Another program to aid in the subprime mortgage crisis has been announced by Fannie Mae . As with most recent initiatives, whether designed by lenders, Congress, or the President, the intended audience of Fannie's program is limited, but it does target a sector of troubled borrowers that has not received...
In order to prevent more foreclosures, Fed Governor Randall Kroszner said lenders should lower mortgage rates and reduce principal for borrowers whose home prices have dropped below their loan values. Testifying before the House Financial Services Panel on Wednesday, Kroszner urged Congress to move quickly...
Bloomberg News reported on Wednesday that Fannie Mae is proposing to ban the use of appraisals by a lender's employees or those arranged by mortgage brokers. The proposal was contained in what Bloomberg referred to as a "talking points" memo distributed to lenders this week and was in response to an...
What a fascinating and tumultuous time is upon us! Both the housing and the mortgage market are convulsing wildly! There are so many facets to the "big picture" that I would never presume have all the answers, so the following disclaimer is in order: I am a mortgage broker and the following is my opinion...