I just heard that FHFA (Federal Housing Finance Agency) has implemented a hike to the Fannie Mae/Freddie Mac guarantee fee. This is the fee that the GSE’s (Government Sponsored Enterprises) which are now actually GOE’s (Government Owned Enterprises) pays to the government for their backing. They raised this fee to pay for the Temporary Payroll Tax Cut, signed by President Obama! The announcement said specifically: Read the rest of this entry »
Search Getloans.com
Popular Categories
appraisal (13) appraisals (10) ARM loans (5) big banks (6) bond market (12) closing costs (5) condo (9) condo financing (5) condo loan (8) credit (14) credit score (18) down payment (5) Fannie Mae (10) FHA (14) FHA loans (8) FHA mortgage insurance (5) Freddie Mac (9) home buying process (5) house prices (20) hvcc (6) interest rate (7) interest rates (69) loan limits (8) loan process (20) mortgage (9) mortgage guidelines (7) mortgage insurance (5) mortgage process (7) mortgage rates (16) mortgage rules (5) mortgage shopping (30) PMI (6) pre-approval (11) pre-qualification (7) rate shopping (14) real estate (5) realtor (14) realtors (6) refinance (18) refinancing (12) shopping (6) strict underwriting (5) underwriting (45) underwriting guidelines (6) underwriting rules (6)Mortgage Tools