Everyone seems to agree that Fannie Mae and Freddie Mac need to go away. Well, maybe not the hedge funds that hold their stock. Nevertheless,… Read More »Mortgage Rates Will Only Be Marginally Higher If Fannie and Freddie Disappear

Two words: Buyer’s remorse. Not a big deal when buying lunch, but a pretty huge deal when purchasing a home you don’t like. A new… Read More »One in Four Homeowners Wouldn’t Buy Their Current Home Again If Given the Chance

Well that didn’t take long. Only about six months after we bid adieu to 3% down mortgages, they have resurfaced. Just in time for the… Read More »The 3% Down Payment Mortgage Has Returned

Sure, short sales have come to a relative crawl after carving out a decent slice of the real estate market over the past couple years,… Read More »The Nation’s Most Expensive Short Sale Finally Sold This Week

Earlier this week, the National Association of Realtors sent a letter to FHA Commissioner Carol Galante urging her to rethink the agency’s new mortgage insurance… Read More »Higher FHA Premiums May Have Priced Out 375,000 Potential Home Buyers

Update: Carrington Mortgage Services now allows FICO scores as low as 500 for both FHA loans and VA loans, which is the minimum credit score… Read More »Wholesale Mortgage Lender Drops Minimum FICO Score for FHA and VA Loans to 550

What a difference a city makes…in the uber-hot Bay Area, a staggering 43.5% of homes for sale are priced at $1 million bucks or above,… Read More »Forget Location, Location, Location, It’s Water, Water, Water!

Today, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) said they reached an agreement on housing finance reform. The pair… Read More »The Wind Down of Fannie Mae and Freddie Mac Gets Real

It wasn’t long ago that real estate was deemed toxic, untouchable, whatever bad thing you want to call it. But times have changed, thanks to… Read More »Thank You Millennials for Your Faith in Real Estate