20.11.2014

Fannie mae home assistance program 1607,ceiling fan yellow wire nuts,lasko 2155a electrically reversible window fan,wall fan not oscillating 10 - Step 2

Author: admin  //  Category: Commercial Ceiling Fan


Fannie Mae has announced that they are offering closing-cost assistance for buyers who closes on an REO June 30, will be eligible to receive up to 3.5 percent in closing-cost assistance.
The offer is only good for buyers owner an occupied home and are purchasing it as their primary residence — second homes and investor properties are not eligible.
E-mails sent or received shall neither constitute acceptance of conducting transactions via electronic means nor create a binding contract until and unless a written contract is signed by the parties. Fannie Mae:  3 percent down-payment offering, borrowers must still meet standard eligibility requirements, including underwriting, income documentation, and risk management standards.
If you want to know more about these programs, contact a local mortgage professional for a information.  I’m sure they would love to sit down and explain the options! What We doNestled in the beautiful woods of Western Massachusetts, we are the region’s REALTOR trade association and the Multiple Listing Service.
The spring homebuying season has not flourished into the fruitful market that everyone needed, with rising homes prices and lower affordability being just a couple of the factors holding Americans back. But the good news: American’s outlook is improving toward the housing market, perhaps foreshadowing an increase in housing activity in the coming months, according to results from Fannie Mae’s April 2014 National Housing Survey.
For the third month straight, the share of respondents who believe now is a good time to sell a home increased and hit 42%, an all time survey high.
Meanwhile, the share of respondents who say now is a good time to buy a home remained steady at 69%, following a downward climb since the beginning of the year.


Dropping seven percentage points from last month, 45% of respondents thought to would be easy for them to get a home mortgage today, while 50% of people said home prices will go up in the next 12 months. As a whole, the share of respondents who say the economy is on the right track increased 2 percentage points from last month to 35%.
Fannie Mae is reportedly working on a new policy that would permanently end the practice of evicting tenants living in foreclosed homes, according to the Wall Street Journal. The mortgage financier is changing its policy in light of a potential lawsuit from legal-aid group New Haven Legal Assistance, who claims evictions would violate new legislation tied to the rescue of Fannie and Freddie earlier this year. How they will manage this potentially tricky feat is still to be determined, but it sounds like it could get complicated. Last month, both Fannie and Freddie enacted a temporary foreclosure freeze during the holidays to ensure no homeowners were displaced. The companies extended the benefit to renters living in foreclosed homes as well, but only until January 9. A recent NYU study found that at least 15,000 renter households in the city were affected by foreclosure last year, costing the families thousands in the process.
However, most tenants don’t know their rights when it comes to evictions, and often opt to take “cash for keys” instead, payouts which can range from $500 to $1,000 to simply move on.
It’s unclear if other mortgage lenders will get onboard, though it’s somewhat unlikely that large banks will want to play landlord unless they feel it’s more profitable than doing otherwise.


Of course, it may be more complicated than that, as many of the mortgages in question are owned by numerous investors, likely putting the decision in the hands of loan servicers. Before creating this blog, Colin previously worked as an account executive for a wholesale mortgage lender in Los Angeles. It’s a conforming conventional mortgage with a maximum loan-to-value ratio of 97 percent. Any buyer can take advantage of Fannie’s loans as long as at least one co-borrower is a first-time buyer.
Consistent with Friday’s upbeat jobs report, concern about job loss among employed consumers also has hit a record survey low. To qualify, first-time home buyers are required to participate in a borrower education program. These results are in line with our expectations for increased housing activity and gradual strengthening of the housing market going into the spring and summer selling season,” Duncan added.



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