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Uncle Sam’s New Guide to Mortgage Shopping
My guess is that the typical American puts more thought into the search for a flat-screen TV than into the choice of a mortgage lender. Shopping for a TV is fairly straightforward. You read reviews online or in Consumer Reports; you eyeball a few models in the store to see if the image looks sharp; then you buy from whichever merchant has the lowest price. If the TV doesn’t work, the merchant gives... [Read more]
Fannie Mae Gets Tougher On Home Loans
Fannie Mae raised the bar for mortgage applicants this past weekend. Agents may need to get creative. Getting approved for a home loan just got harder. In its official announcement, Fannie Mae says the updates minimize long-term lending risks. If that’s the case, this won’t be the last guideline change Fannie Mae makes — especially with loans defaulting at an above-normal clip. The... [Read more]



