by Phyllis Rockower | Sep 10, 2013 | Uncategorized
FHa announced plans to cut the max amount of loans that can be backed by Fannie Mae and Freddie Mac. Right now it’s 417 for most of the country and 625 for Ca.How much is not clear. this will take place Jan 1. It may not make a big deal for the high end since...
by Phyllis Rockower | Mar 6, 2013 | Housing News
Someone sent this to me but i can’t remember who. Thought i’d pass it on anyway. 1) “Free” credit report scores are accurate and reflect mortgage report scores. No. For the purposes of obtaining a mortgage; free credit reports are literally worthless. 2) A...
by Phyllis Rockower | Sep 11, 2012 | Housing News
Fannie mae and Freddie mac have come up with new rules.: As reported by the LA Times, Fannie and Freddie have finalized their new “streamlined” short sale guidelines effective Nov.1st. Here are the highlights of the finalized criteria: Fannie Mae and Freddie Mac will...
by Phyllis Rockower | May 7, 2012 | Real Estate News
According to Kenneth R. Harney of the Los Angles Times’ Real Estate section- Homeowners can expect a response from their bank on a “Short-sale Offer” wiithin 30 business days, with a final decision taking no more than 60 days, if their loan is owned...
by Phyllis Rockower | Apr 30, 2012 | Real Estate News
New federal rules could speed up short-sale process Homeowners can expect a response from their bank on a short-sale offer within 30 business days, with a final decision taking no more than 60 days, if their loan is owned by Fannie Mae or Freddie Mac. What has your...
