On Nov. 10, 2014, Fannie Mae published an update to its lender selling guide to improve and streamline its condo project approval process. The comprehensive changes have already been made to allow for immediate implementation, but will be updated in Fannie Mae's Condo Project Manager in March. Some of the changes: Consolidation of Condo Project Manager and Full Review … [Read more...] about Fannie Mae Streamlines Condo Approval
Mortgage
FHA Fannie Freddie regulators move to ease mortgage credit
A shift by the federal regulator of Fannie Mae and Freddie Mac could soon make getting a mortgage loan easier by giving lenders more leeway before the mortgage giants demand that they repurchase loans. The majority of the homes on the Texas coast are under $400k and this will help the region's pent up demand for ownership that has been limited by difficulties getting … [Read more...] about FHA Fannie Freddie regulators move to ease mortgage credit
Post-Housing Finance Crisis Fannie and Freddie 2.0
Fannie and Freddie 2.0: The Senate Does Not Get the Government Out of the Real Estate Market Given that close to 100 percent of the U.S. mortgage market is now backed by the federal government, it is good that the Senate Banking Committee wants to improve it. However, the approach would ensure that U.S. mortgage markets are slightly remodeled rather than completely … [Read more...] about Post-Housing Finance Crisis Fannie and Freddie 2.0
Tax Benefits encourage Vacation home Purchases
The individual income-tax code offers a multitude of benefits for home owners. The largest in dollar terms, and the most apparent to taxpayers, is the mortgage-interest deduction, which allows home owners to deduct the interest paid on up to a $1 million mortgage and up to $100,000 in additional debt backed by home equity. The tax code also tilts the balance toward home owners … [Read more...] about Tax Benefits encourage Vacation home Purchases