Currently viewing the tag: "fannie mae"

Interest Rate Predictions | Week of March 7, 2011

On March 7, 2011 By

After brutal losses on Wednesday and Thursday, mortgage rates rallied back on Friday to close the week virtually unchanged.

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Loan Level Price Adjustments = Higher Loan Costs

On January 6, 2011 By

Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.

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More Fannie Mae Guidelines Changes Monday

On December 10, 2010 By

All Fannie Mae applications taken on, or after, December 13, 2010, are subject to the changes.

Are home loan approvals getting easier or more difficult? Well, both.

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Home Loan Approval Guidelines Tweaked Again

On October 7, 2010 By

Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines.

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2011 Conforming Loan Limits: Same as 2010

On October 6, 2010 By

In 2011, for the 6th consecutive year, the government is fixing $417,000 as the country’s conforming mortgage loan limit.

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Perfect Timing On Making Home Affordable

On July 26, 2010 By

Mortgage rates hit their lowest levels in recorded history. Perfect timing as the Home Affordable Refinance Program is becoming increasingly available.

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Loan Level Price Adjustments and Low Mortgage Rates

On July 14, 2010 By

Mortgage rates keep pushing on these historical low levels, but not everyone is qualifying for the headline rate from Freddie Mac of “4.57 percent with an average 0.7 point.”

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Home Loan Approvals Not Getting Easier

On December 16, 2009 By

aren’t getting much easier.

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What is a loan level price adjustment (LLPA)?

On December 10, 2009 By

What is a ()?

This has become one of the more frequently asked questions for mortgages in today’s lending environment.  Conventional loans carry loan level price adjustments.  Continue Reading →

Chicago Mortgage Loan Rates – August 28, 2009

On August 28, 2009 By

Chicago Mortgage Rate Summary

Since yesterday, rates are roughly the same.  We’re starting to see a few things collide:  low volume summer trading, tough resistance overhead, strong support below.  In other words, something’s gotta give. Expect volatility when this breaks.

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