The Trump administration has been working to move the government’s mortgage finance companies, Fannie Mae and Freddie Mac, back into privatized companies. This move should ultimately have a major impact in the U.S. housing industry. Changes Announced The announcement was made official Monday by the Treasury Department and the companies’ Continue Reading →
HAVE YOU EXPERIENCED A DEROGATORY CREDIT EVENT, BUT ARE READY TO BUY A HOME AGAIN? HERE ARE THE GUIDELINES YOU NEED TO KNOW. If you are ready to buy a home again, but are concerned about your past credit issues, there are some things that you need to know about. Continue Reading →
Earlier this year, the Federal National Mortgage Association (aka Fannie Mae) released an updated version of its Selling Guide (SEL 2017-06) that mortgage loan underwriters use to determine loan approvals. There were numerous changes reported, including raising the maximum debt-to-income ratio (DTI) from 45% to 50%. You can read about Continue Reading →
