Posts Tagged 'freddie mac'

Refinance Program HARP 3.0?

The buzz on Capitol Hill is that Congress is considering a bill dubbed “Responsible Homeowner Refinancing Act of 2012” – HARP 3.0. The bill is designed to streamline the refinancing process for underwater homeowners on mortgages held by Fannie Mae and Freddie Mac. HARP 3.0 may never pass but at least “faster and less expensive” refinances for stressed homeowners are still on the radar ...

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Lending to get tougher? Plus rates…

We all think current lending standards are tough… Well the Government is now proposing even tougher mortgage lending guidelines for 2012.  As you may know 95% of loans originated are purchased by Government-Sponsored Entities (Fannie Mae and Freddie Mac) since there are not many “Private” money lenders like we had during the “bubble” years. We think these new rules maybe a way for the Government to wind down the GSEs and significantly ...

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Update from Trulending….

We constantly research the mortgage banking industry looking for competitive advantages and market niches to provide you with the best products and pricing available.  Our boutique approach to lending has been a successful business strategy as big banks continue to lose customers to us and other smaller efficient lenders.

We are proud and excited to announce that we have forged new partnerships to expand our current product offering and provide you with ...

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Mortgage Refinance Program Expands….

Is your home value less than your current mortgage balance? If so, you now have more options now! Recently, the government updated the mortgage refinance guidelines to allow refinances up to 125% of your home value through Fannie Mae, but if your loan was owned by Freddie Mac, you were restricted to facilitating the refinance through your original lender causing confusion and delay.

Beginning October 1st 2009, Freddie Mac will introduce ...

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