Lending, Real Estate

Freddie Mac joins Fannie Mae in extending foreclosure timelines | 2015-09-04 | HousingWire

On Thursday, Fannie Mae announced that it wasincreasing its maximum number of allowable days for a foreclosure sale in 33 states. But Fannie Mae wasn’t alone.Freddie Mac has also announced that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings in those same 33 states. As with Fannie Mae, Freddie Mac said the new foreclosure timelines apply to…

Continue Reading

Lending, Real Estate

Down Payments Get Smaller – Real Estate News – realtor.com

“It is getting easier for some buyers to land a house with less money up front. More lenders are lowering down-payment requirements, allowing borrowers to commit 3%—or even less—of a home’s purchase price to get a mortgage. Most had been requiring down payments of 20% or more since the recession began, with a few exceptions. Some lenders also are waiving…

Continue Reading