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Statistics, geography, and demographics of the HARP Refinance Program's First 100 Days. Data tracked includes Median LTV, Median Interest Rate, and Average Loan-to-Value.
If you paid cash for a home within the last 6 months and want to take "cash out", you can. It's because of a new mortgage allowance named the Delayed Financing Rule. The standard 6-month seasoning requirement on home purchases has been eliminated.
For the 6th straight year, there will be no change to the national conforming mortgage loan limit. Loans below the limit can be conforming mortgages. Loans above the conforming loan limits are may be "jumbo".
Statistics, geography, and demographics of the HARP Refinance Program's first applicant wave. Data includes Median LTV, Median Interest Rate, and Average Loan-to-Value.
FHA loan limits now exceed conventional loan limits in some high-cost areas. As of November 18, 2011, the FHA will insure up to $729,750. Fannie Mae and Freddie Mac cap at $625,500.
The Home Affordable Refinance Program (HARP) is revamped and extended. There are no LTV requirements and fewer loan fees. It's a complete refinance overhaul.
The U.S. government revamped its HARP program. With charts and commentary, view an analysis of the first 500 would-be HARP participants. Data includes Median LTV, Median Interest Rate, and Average Loan-to-Value.
The HARP mortgage program will be revamped soon, government officials say. A lot more homeowners will be HARP-eligible. Here's what you need to know about the upcoming changes.
Mortgage underwriting is strict, but there's no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle. That's it.
You can't control mortgage rates, but you can control your closing costs. Make the most of this Refi Boom -- go zero-cost refi. Here's how.
A lot of ARMs from 5 and 7 years ago are adjusting lower these days -- not higher. It's because ARM resets are math-based and the math is more favorable for borrowers than at any time in history.
Temporary conforming loan limits in high-cost areas are expiring. After September 30, 2011, places like Loudoun County, Virginia; Potomac, Maryland; and Marin County, California will face new, lower conforming loan limit sizes.
Loan-level pricing adjustments are government-mandated closing costs. And they're rising April 1, 2011. See how LLPAs work and run your loan scenario against this online calculator. Maybe *your* loan will trigger new fees, too.
In Winter 2011, Fannie Mae changed its mortgage guidelines to favor personal income over personal assets. Check the "Cheat Sheet" to see how you'll be affected.
In 2011 -- for the 6th consecutive year -- the single-family conforming mortgage loan limit will be $417,000. The "high-cost" area program is extended, too.
Low mortgage rates don’t matter if you can’t qualify for them. And banks are still tightening. Here's what to do.
For the second time in 10 weeks, Fannie Mae is toughening its mortgage guidelines again. Again. According to an internal Fannie Mae document, a review of the group's current "risk appetite, eligibility requirements, mortgage insurance options, and pricing" spawned changes spanning credit scoring, income requirements, loan-level pricing adjustments.
Effective Tuesday, September 1, conforming mortgage approvals are due to toughen up again. Fannie Mae is imposing strict new lending guidelines that should slow down purchase and refinance activity in Cincinnati and parts elsewhere. It's the first major conforming mortgage guideline change since April and this one is a big one -- 15 separate underwriting areas are affected.
Since May, just one-fifth of the Fed's responding banks said mortgage guidelines had tightened. This number is dramatically less than last quarter's results when the survey posted a 50 percent figure. It's just one more sign that banks are warming to the economy and that may portend the end of the recession.
Mortgage approvals are getting more difficult. Again. After reviewing recent unemployment data and market fluctuations, plus patterns of mortgage fraud, Fannie Mae is making major mortgage guideline changes for the first time in more than 6 months. The changes are broad, impacting 15 separate areas of the mortgage approval process. The most impactful change may be Fannie Mae's new restrictions on mortgages for 2-unit properties.
