Tag Archives: Fannie Mae
Reality Check on Interest Rates and Fannie Mae Freddie Mac LLPA’s

Fannie Mae/Freddie Mac Mandatory LLPA Fees Prevent Borrowers From Getting Their Absolute Lowest Rate

by Brad Yzermans on 14. Jul, 2010 in Mortgage Rates

Conventional California mortgage rates in the Inland Empire may be posting all-time lows this week, but that doesn’t mean you’ll be eligible for them. You may have already called your loan officer and found this out the hard way. It’s because of a federally-mandated mortgage-pricing scheme known as “loan-level pricing adjustments”.

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Fannie Mae Guideline Change: The Death of Conforming Interest Only Mortgages?

by Brad Yzermans on 16. Jun, 2010 in Mortgage Guidelines

If you plan to finance or re-finance your Inland Empire home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.  Fannie Mae is clamping down on the popular conforming interest only loan product for California Residents. An “interest only” mortgage is exactly what its name implies — [...]

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Borrower Beware! Fannie Mae’s Loan Quality Initiative: Repulling Your Credit Just Before Closing

Borrower Beware! Fannie Mae’s Loan Quality Initiative: Repulling Your Credit Just Before Closing

by Brad Yzermans on 08. Jun, 2010 in Mortgage Guidelines

A new loan quality initiative from Fannie Mae is making it harder or more riskier for home buyers and refinancing homeowners in California to close on a mortgage.

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1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter

1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter

by Brad Yzermans on 06. May, 2010 in Mortgage Guidelines

The Federal Reserve says that financial markets “remain supportive of economic growth”. Residential mortgage guidelines, however, continue to tighten. If you’ve applied for a home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things. The hard proof of the changes, however, can be found in the Federal Reserve’s quarterly survey of its member banks.

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