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Tag Archives: home loans
Fannie Mae and Freddie Mac’s New Lending Guidelines
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
Posted in Real Estate
Tagged creditworthy, Fannie Mae, flatfee.com, Freddie Mac, home loans, lenders, lending, lending guidelines, loans, mls list your home
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Nations Largest Home Lenders Cutting Involvement With FHA
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
Posted in Real Estate
Tagged credit, FHA, FHA loans, flatfee.com, home loans, HUD, mls list your home
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Rising Mortgage Closing Costs Pinch Buyers Wallets
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