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Fannie Mae and Freddie Mac Adopt New Appraisal Standards

By admin on May 27, 2011

So here’s some interesting news, dear readers. News that will absolutely piss off most mortgage brokers. New York Attorney General Andrew M. Cuomo, with just a simple threat of a lawsuit, got Freddie Mac and Fannie Mae to agree to never again purchase a single loan from lenders that refuse to meet new appraisal standards [...]

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Fannie Mae and Freddie Mac are Finding Help

By admin on February 25, 2010

In an effort to find more and more assistance with the current real estate problems, Freddie Mac and Fannie Mae are in talks with the Treasury, White House officials and the Federal Reserve. In essence, both Freddie Mac and Fannie Mae are looking for ways to give additional financing for the struggling mortgage companies whose [...]

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Mortgage Interest Rates Move Down Slightly And The Impending Takeover of Freddie Mac and Fannie Mae

By admin on August 30, 2009

Mortgage interest rates moved down slightly this week. This was a good sign since it was not preceded by any rate cuts from the FED. The 30 year mortgage rate fell from 6.52 to 6.47 and the 15 year mortgage rate fell from 6.07 to 6.00. For arms the 5 year rate fell from 6.02 [...]

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