Currently viewing the tag: "Mortgage Guidelines"

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.

Continue Reading →

Planning Your Home Loan Approval

On November 10, 2010 By

While mortgage rates are at their lowest levels in recorded history, qualification requirements are at their highest levels in recent history.

Continue Reading →

Home Loan Approval Guidelines Tweaked Again

On October 7, 2010 By

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

Continue Reading →

Home Loan Approvals Getting Easier

On August 24, 2010 By

According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.

Continue Reading →

Mortgage Approvals Are Getting More And More Scarce

On February 9, 2010 By

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.

Continue Reading →

Changes to loans for first time home buyers

On January 21, 2010 By

In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.

Continue Reading →