Lenders can now choose Classic FICO or VantageScore 4.0 on Fannie Mae and Freddie Mac loans, and both scores now price the same. Here’s what’s in effect, what’s only reported, like a move to two-bureau credit reports, and what it means for LA borrowers.
Tougher project standards for loans sold to Fannie Mae and Freddie Mac do not set a condo’s price, but they decide who can get a loan and how long that takes.
Ginnie Mae President Joe Gormley says the Trump administration is “very comfortable†with current FHA mortgage insurance premiums (MIP) for single-family loans and reverse mortgages — so don’t expect a …
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What Mortgage Rate Are You Waiting For? You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there …
Your personal information, including your social security number, may have been compromised and posted on the dark web. Earlier this month, data broker company National Public Data (NPD), confirmed they …
The Federal Reserve’s recent decision to hold its short-term policy interest rate steady at a range of 5.25% to 5.5% is good news for the housing and mortgage markets. This …