There was BIG NEWS today in the mortgage world. Freddie Mac and Fannie Mae announced that they were granted permission from the Federal Housing and Finance agency to charge an “ADVERSE MARKET FEE” of .50% on all refinance loans. This fee which the lenders are saying is to address risk management because of the current […]
Posts Tagged ‘freddie mac’
A Historical Look At What Happens After A Presidential Election
Posted by Denise Lones on October 27th, 2016
We are right around the corner from the presidential election and many of my clients have asked me how the election will affect interest rates. I thought I would address this question by giving some historical information that might shed some light on what usually happens after an election. I used the historical archived data […]
President Obama Has a Lot to Say About the Housing Market
Posted by Denise Lones on August 8th, 2013
On Tuesday, August 6th, President Obama spoke in Phoenix, Arizona at Desert Vista High School, explaining his vision to promote home ownership in America. He praised reform of the financial systems and talked about the reckless practices that led to the housing crisis. A visual representation of his vision can be seen if you follow […]