Mortgage Delinquencies Decline: What Does it Mean to Investors?
A Wall Street Journal article from 2/18/2011 by Nick Timiraos has the title: “Mortgage Delinquencies Decline”.
In the Article, Mr. Timiraos cites the Mortgage Bankers’ association survey released last week.The survey shows delinquencies are down to a level not seen since the end of 2008. Early (1-month) delinquencies are down to the level of the end [...]
Fannie, Freddie to Include Investment Homes in Refinance Program
The following is an article by Kenneth Harney published in the San Francisco Chronicle on 3/15. In it, Mr. Harney tells us that the broad refinance program to allow owners to lower payments and avoid foreclosure, will include investment homes (SFHs) that have loans that are on Freddie or Fannie’s existing portfolios. Mr. Harney also [...]
Fannie Mae to the Rescue! Fannie Mae to Up Limit on Multiple Mortgages to Same Investor
This is hot off the presses: directly from Fannie Mae’s website.
Apparently Fannie Mae has reconsidered the loan limit for investors. I wonder if everyone’s efforts made a difference.
Fannie Mae will allow investors to hold 5-10 mortgages and still get Fannie Mae backed loans. This apparently will start as of 3/1/2009 and will be announced on [...]
