Tag Archives: home loans

Fannie Mae and Freddie Mac’s New Lending Guidelines

Posted on December 3, 2014 by Cliff

Fannie Mae and Freddie Mac’s new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards that home buyers and refinancers have faced in recent years. The guidelines clarify when lenders will be … Continue reading →

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Nations Largest Home Lenders Cutting Involvement With FHA

Posted on September 23, 2014 by Cliff

The nation’s largest home lenders are curtailing their involvement in FHA  (Federal Housing Administration) loans, known for their small down payment requirements and help to first-time buyers and lower-income Americans. Lenders say they are concerned that they will be penalized … Continue reading →

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Rising Mortgage Closing Costs Pinch Buyers Wallets

Posted on August 6, 2014 by Cliff

Rising home prices aren’t the only thing that may give buyers sticker shock: Mortgage closing costs have soared nearly 6 percent over the past year, according to Bankrate.com The average closing cost on a $200,000 mortgage reached $2,539 nationwide in … Continue reading →

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Home Loans With 5% Down Again?

Posted on November 8, 2013 by Cliff

Home Loans With 5% Down A growing number of banks are now offering home loans with just 5 percent down, CNNMoney reports. Bank of America, Wells Fargo, and TD Bank are among the banks reportedly offering mortgages with some down … Continue reading →

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