Tag Archive: freddie mac

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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FHFA Policy Changes May Loosen Lending Requirements

November 10, 2014 by 1 Comment

Many prospective homeowners believe saving money for a down payment and filing out the requisite paperwork is all they need to become a homeowner. Unfortunately, some have learned that tough lending requirements stand in their way to achieve this dream. But this could soon change thanks to new rules proposed by the Federal Housing Finance... View Article

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