by Fatima Khokhar | Apr 16, 2012 | Banking And Finance, Fannie, Freddie and the Fed
Distressed home loan borrowers are set to receive some level of financial relief as the national mortgage settlement filed in February in federal court demanded $ 25 billion in compensation from the top five big and bad mortgage service banks; Bank of America, Ally...
by Fatima Khokhar | Oct 3, 2011 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The federal government has stuck to their guns to support the reduction of home mortgage loans that they are willing to purchase. The new loan limits as of October 1, 2011 reduces the federal government’s stake in the mortgage market and revitalizes the role of...
by Fatima Khokhar | May 2, 2011 | Buzz Around Naples
Are Naples area buyers aware that on October 1, 2011 Fannie Mae and Freddie Mac will reduce the maximum mortgage loan amounts from $729,750 to $ 625,000? The end result; a borrower seeking a government-backed mortgage for a $ 1-million property will be required to...
by Fatima Khokhar | Apr 16, 2011 | Buzz Around Naples, Fannie, Freddie and the Fed
Fannie Mae has launched a special offer for buyers who purchase a Fannie Mae owned home. Purchasers will qualify for up to 3.5% in closing cost assistance provided they meet the following qualifications: Buyers submit the initial offer after April 11, 2011 and close...
by Fatima Khokhar | Feb 25, 2011 | Banking And Finance, Buzz Around Naples, Naples Area Market Conditions
Earlier this week in Naples, Chief Economist for The National Association of Realtors, Dr. Lawence Yun presented his housing and economic outlook for 2011. Naples Meridian commentary regarding the recent political unrest in the Middle East and its economic effects...
by Fatima Khokhar | Nov 16, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The credit crisis annihilated the jumbo loan market. Banks simply stopped making loans available for “expensive” homes”. Jumbo mortgages by definition are those that are too big to be bought by government-backed agencies, such as Fannie Mae and Freddie Mac. The...
by Fatima Khokhar | Oct 19, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
WASHINGTON – Oct. 18, 2010 – Recent revelations about mortgage lenders filing possibly faulty court papers to foreclose on homes has sparked a public outcry and called into question tens of thousands of foreclosures. Q: How did this come to light? A: Lawyers for...
by Fatima Khokhar | Oct 4, 2010 | Banking And Finance, Naples Area Market Conditions
Since the housing bubble burst, appraisers have come under intense pressure for failing to account for actual market conditions. And while a new home valuation code of conduct was enacted in 2008 by Fannie Mae and Freddie Mac, controversy over home values still...
Recent Comments