how do they make money? do they get a percentage of mortgages they back? Related Blogs Related Blogs on fannie Michael Roberts’ Blog – Buying Real Estate Foreclosures- Short …
Question by casdmg: What are my mortgage refinance options? I was hoping to do the Govt back refinance options that allows you to do 105% or greater but that is out of the question because my loan is not owned by Freddie or Fannie. I can’t do a standard refinance because I no longer have [...]
One of the official duties of the new president was to ensure the FHA loan limits would change. With the fall of Fannie Mae and Freddie Mac it has been essential to try and re-stimulate the economy. The stimulus bill has allowed for Fannie Mae and Freddie Mac to guarantee loans at new limits. It [...]
By Sani Orman A loan modification is one of the option that Obama’s Stimulus Package offers. This relieves the frustrated home owners from foreclosures. People are trying their best to get a modification for themselves. But the government has set certain conditions that you need to fulfill before applying for one. Lenders Approved for Loan [...]
by Frank Elliot The economic stimulus bill formally called as HR 5140 was approved by the senate with an overwhelming vote of 60-38. The stimulus package amounted to a gargantuan $787 billion, it is an ambitious package of federal spending and tax cuts designed to revive the United States economy and save or create millions [...]