NEW YORK -- Consumers who use the equity of their homes as colateral for loans may see lower rates availabe after the announcement Tuesday that the Federal Home Loan Mortgage Corp., or Freddie Mac, will buy the so-called second mortgages.LaGesse, David...
equity first-time buyer householder letting planning blight real estate broker realty realty office refinance remortgage repo repossession reverse mortgage show homeSee more results »(Definition ofFreddie Macfrom theCambridge Advanced Learner's Dictionary & Thesaurus© Cambridge University Press) Freddie ...
For conforming and super conforming mortgages, it's possible to originate a first mortgage with an original loan amount up to the maximum eligible loan limit concurrently with a second lien home equity loan or line of credit. Freddie Mac will purchase eligible first lien mortgages with secondary ...
The U.S. Senate adopted a measure that would raise the maximum size of a home loan backed by mortgage companies Fannie Mae, Freddie Mac and the Federal Housing Administration to $729,750. Senator Robert Menendez, a New Jersey Democrat, offered the increase as an amendment to a spending bill...
Learn about our renovation offering in which the proceeds are used to pay for renovations directly. With CHOICERenovation, there is no construction loan to pay off. You’ll see the three options for delivering the loans to Freddie Mac, including CHOICEReno eXPress®. ...
The article reports that Freddie Mac-owned loans from Freddie Mac has refinanced of new mortgage loan amounting at least 5% greater than the original loan amounts in the U.S. Chief economist Frank Nothaft of Freddie Mac mentioned that the strength on mortgage levels are favorable to home equ...
Freddie Mac is exploringshared equity homeownership, which helps create and preserve long-term housing affordability, especially in high-cost areas. Under this approach, low-income homebuyers can buy a home and rent the land under it at below-market rates from entities such as non-profits or gov...
Gingrich as a candidate if he was advocating for Freddie Mac. ‘I would view that negatively,; said Mr. Armstrong, who is uncommitted ... ‘The government should not be in the loan business.’ But Mark Lundberg, the chair...
The FHFA announced expanded guidelines for appraisal waiver increasing the maximum loan to value (LTV)from 80% to 90% on purchase transactions.An appraisal waiver is not guaranteed on all conforming mortgages. Loans are submitted to the automated underwriting systems for Fannie Mae or Freddie Mac,...
The bailed out housing giants are an even bigger presence in the mortgage market, leaving taxpayers on the hook.