Latest Mortgage Industry News

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Votes
New foreclosure laws to protect homeowners in Massachusetts
In Massachusetts, a new law has been signed which extends the existing 90-day cooling off period to 150 days. The cooling-off period gives the property ...
Shared by Sara - 1 year, 5 months, 4 weeks, 1 day, 21 minutes, 36 seconds ago
265 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

  1

Votes
Affordable Advantage to expand homeownership
State housing agencies as well as Fannie Mae are offering "Little-Money-Down" mortgages. The borrowers will have to pay $1,000 as down payment in order to ...
Shared by Niicss - 1 year, 6 months, 5 days, 13 hours, 25 minutes, 35 seconds ago
488 visits | 2 Comments | Are you recommending it?    0%[0]Yes    100%[1]No

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Votes
National database for lenders to help track shady operators
Hi all, Henceforth, loan officers will have to provide their names and fingerprints to a national database. The bill regarding this national database for mortgage ...
Shared by Jerry - 1 year, 6 months, 1 week, 6 days, 12 hours, 25 minutes, 49 seconds ago
248 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

  0

Votes
Green energy financing opposed by Fannie Mae and Freddie Mac
Fannie Mae and Freddie Mac have vetoed the White House backed green financing program which is alternatively known as Property Assessed Clean Energy (PACE). The ...
Shared by Sara - 1 year, 7 months, 2 days, 2 hours, 46 minutes, 21 seconds ago
208 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
5 States to receive $1.5 billion mortgage assistance
Obama government has announced $1.5 billion assistance to struggling borrowers and unemployed homeowners in 5 states where property values have reduced drastically. These 5 states ...
Shared by Niicss - 1 year, 7 months, 2 weeks, 3 days, 3 hours, 25 minutes, 3 seconds ago
259 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

  2

Votes
Gulf homeowners to get loan help from mortgage investors
The massive oil spill in Gulf of Mexico has affected the local economies along the Gulf Coast severely. Thus, Freddie Mac and Fannie Mae have ...
Shared by Sara - 1 year, 7 months, 3 weeks, 2 days, 2 hours, 25 minutes, 10 seconds ago
237 visits | 1 Comments | Are you recommending it?    100%[2]Yes    0%[0]No

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Votes
Lenders to order last minute credit check from June 1st
As a part of Fannie Mae's initiative to cut down on shoddy underwriting and fraud by the borrowers, the lenders will be ordering a second ...
Shared by Sara - 1 year, 8 months, 3 weeks, 3 days, 15 hours, 54 minutes, 38 seconds ago
277 visits | 3 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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