There is a new government website to assist the 7 to 9 million homeowners whose loans are held by Fannie Mae or Freddie Mac, and are eligible for a loan refinance, or a mortgage modification. Called www.MakingHomeAffordable.com, the website went live on March 19th, and is a simple one stop resource for homeowners to help [...]
Articles in the ‘Real Estate Finance’ Collection
The Mortgage Mess
Record-Breaking Increases in Mortgage Delinquencies suggest the mortgage mess may continue for some time. Recent increases may be due to the economic downturn.
NEW 2009 Conforming Loan Limits
Conforming loan limits for 2009 were revised by the American Recovery and Reinvestment Act which was signed into law on 2/17/2009. The new limits for San Diego County and surrounding areas are…
Help for the Housing Market
The Homeowner Affordability and Stability Plan applies to primary residences with conforming loan limits. This is a brief summary of the plan with some limitations specific to San Diego…
Stealth Housing Stimulus
A Fannie Mae policy change allowing investors to finance up to ten single unit properties, should help stimulate San Diego’s housing market by encouraging investors to add to their investment portfolios.
Another Foreclosure Moratorium
Citigroup , JPMorgan Chase, Bank of America, Morgan Stanley, and Wells Fargo have all agreed to suspend foreclosures for approximately three weeks while the Obama administration finalizes a plan to modify mortgages…