Mortgage Rate Week End Wrap February 13, 2009
Posted by yourmortgageplanner on Feb 13, 2009 in Featured Articles, Financial Awareness, Mortgage Rates, Random/Old BlOgS, Say What? | 0 comments
The week started out in a positive manner with rates improving both Monday and Tuesday, only to stall out on Wednesday and give back the majority of the gains Thursday and Friday. Mortgage Backed Securities ended the week with only a slight 3bp gain over last week. Friday we saw MBS give up -28bp (FNMA 30...
Fannie Mae Rolls-Back Investor 4 Property Limit
Posted by yourmortgageplanner on Feb 12, 2009 in Financial Awareness, Investors, One Step Ahead | 3 comments
Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however.
Homeowners buying a 5th,...
8 Things You Should Know About Buying Foreclosure Homes
Image by respres via Flickr If you are planning on buying an foreclosure home it is imperative that you work with an Realtor that is well versed with foreclosure transactions. Each bank has their own set of guidelines and many to not acknowledge the Arizona Real Estate Purchase Contract so the more...Pros & Cons Of Short Sales
