Tag Archive: fannie mae regulations

Mortgages are Getting More Affordable for First-Time Buyers

January 12, 2015 by Leave a comment

Thanks to a series of recent decisions, authorities are opening up the mortgage marketplace to more first-time and low-income homeowners. Last month, Fannie Mae and Freddie Mac announced that they will begin backing fixed-rate mortgages with down payments as low as 3%. Then, last Thursday, the President announced a 0.5 percent cut to the mortgage insurance premiums... View Article

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Getting a Mortgage is About to Get Easier

October 22, 2014 by Leave a comment

For the last few years, sizable down payments have been the lender-mandated norm, after thousands and thousands of loans gone bad sent the housing market stumbling. But this may have changed yesterday (Tuesday, October 21st, 2014, for those of you in the future). According to The Wall Street Journal: Federal regulators took a big step toward... View Article

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