Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to the COVID-19 pandemic. According to announcements from the two companies last week (May 13), homeowners in forbearance can now request payment deferrals as early as July 1. This allows any missed payments to be made up at the end of […]
Fannie, Freddie to Buy Loans in Forbearance – With a Catch
(April 27 UPDATE: Fannie Mae and Freddie Mac’s regulator said Monday that borrowers benefiting from programs that let them skip mortgage payments due to the coronavirus pandemic won’t have to make lump-sum repayments when the crisis passes.) The Federal Housing Finance Agency (FHFA) has announced that it will allow Fannie Mae and Freddie Mac to […]
Fannie, Freddie Subpoenaed in Commission Lawsuit
Plaintiffs in an antitrust lawsuit that could shake up the real estate industry have subpoenaed mortgage giants Fannie Mae and Freddie Mac, sharpening scrutiny of real estate commissions nationwide. The subpoenas were issued by the smaller of two bombshell commission lawsuits filed against the National Association of Realtors and real estate franchisors Realogy, Keller Williams, RE/MAX, HomeServices […]
Fannie, Freddie Up Loan Max
Fannie Mae and Freddie Mac will let mortgage borrowers nationwide take out home loans over $500,000 in 2020. The Federal Housing Finance Agency announced last Tuesday that it will increase the limit on conforming loans, meaning mortgages that adhere to the standards imposed by Fannie Mae and Freddie Mac to a maximum of $510,400 nationwide. In […]
Oct. 7 CVAR At A Glance
Featured Classes and Events Oct. 7 | CRMLS Training – Glendora – Free Oct. 8 | 2020 The Agent With Vision – YPN Forum – Free Oct. 9 | New Member Orientation – All Locations Oct. 9 | zipForm® Basic – Free – All Locations Oct. 10 | Mortgage License Origination (MLO) – Glendora Oct. 11 | Brian Buffini Success Tour […]
No Appraisal Required for Certain Homes
Certain home sales of $400,000 or less will not need an appraisal since federal regulators approved a proposal to increase the threshold at which residential home sales require an appraisal. Last November, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve released a proposal that would increase […]
Privatizing Fannie & Freddie
On Thursday the Trump Administration proposed a plan that would bring mortgage buyers Fannie Mae and Freddie Mac out of government conservatorship, where both have been for 11 years after being bailed out by the government in the wake of the 2008 financial crisis. The plan includes a spate of broad legislative and administrative proposals […]
June 24 – CVAR At A Glance
Featured Classes and Events June 24 to 29 Last week of Member Appreciation Month June 27 | National Ethics Day Featuring Leigh Brown – Free! June 28 | FREE FRIDAY – RPR Training – All Locations June 28 | Summer Kickoff – Networking Block Party! Summer Kickoff is THIS FRIDAY! Don’t miss the valuable […]
Freddie Mac’s Single-Close Mortgage Covers Renovations
Freddie Mac announced its CHOICERenovation loan offering last week, providing homebuyers the opportunity to purchase a home and finance the cost of renovations with a single-close mortgage. The CHOICERenovation mortgage is designed to help address the nation’s aging housing supply, support the need for affordable housing, and offer renovation, repair, improvement or refinance options to support the […]
April 1 – CVAR At A Glance
Featured Classes and Events April 1 | CRMLS Training – CVAR HQ April 4 | Citrus Valley Caravan April 4 | CVAR MLS Forum – LionDesk – All Locations April 4 | Contract College – Session 8 April 8 | CRMLS Training – CVAR East April 9 | Brokers/Salesperson Cram Course – CVAR HQ April […]