they don’t require lifelong mortgage insurance, unlike FHA’s new lending rules. Once the loan balance drops below 80% of the property value, borrowers can ask their lender toremove the mortgage insurance.
Fannie Mae to Let Any Lender Use New Patented Technology.The article looks at the decision of the Federal National Mortgage Association to allow any lender to use patented lending technology on a non-exclusive and royalty-free basis.Paletta...
5. In the illustrative mortgage environment, the MAIN element comprises LOAN (the terms and features of the loan, e.g., the interest rate and loan amount), BORROWER (information about the borrower), LENDER (information about the lender), PROPERTY (information about the property which is the ...
The RefiNow program requires a reduction in the homeowner’s interest rate by a minimum of 50 basis points and savings of at least $50 in the homeowner’s monthly mortgage payment. Fannie Mae provides a $500 credit to the lender at the time that the loan is purchased if an appraisal was...
Fannie Mae buys mortgage loans from lenders to free up your lender's ability to make new loans to homebuyers. Typically, you would continue to make your mortgage payment to the same mortgage servicer. What Are the Benefits of a Fannie Mae Mortgage Loan? Fannie Mae offers flexible options to...
Mortgagor dropped by Fannie Mae Commonwealth removed from approved lender listMatt Carroll, Globe Staff
Reports the decision of Fannie Mae Corp. to resort to small mortgage lenders in the U.S. Consolidation between the American Bankers Association (ABA) and the Independent Community Bankers of America; Arrangements of Fannie and Freddie Mac in gathering loans form smaller banks; Benefits from the ...
FANNIE MAE AND LENDER PARTNERS DELIVER MH FINANCINGFANNIE MAE HAS JOINED WITH NINE lenders to work toward transforming the manufactured-housing market, including providing purchasers of manufactured homes...
Muolo, Paul
The article reports that CB Richard Ellis Group Inc.'s (CBRE) Multi-Housing Group has become a Fannie Mae Delegated Underwriting and Servicing (DUS)-lender in the U.S. The privilege allows the company to originate, underwrit...