Fannie Mae: Lenders say it’s now easier to get a mortgage by DeVore Design , September 18, 2015 Lenders witnessed an easing in lending standards across all loan types over the third quarter, according to Fannie Mae’s third quarter 2015 Mortgage Lender Sentiment Survey.
Court rejects hedge funds claims in Fannie, Freddie profit sweep The Supreme Court dealt hedge funds and other big investors a blow Tuesday. capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac.. The disputed move, known as the “net-worth sweep,” forced the. in the U.S. Court of Federal Claims and they say the discovery shows the.
A broad coalition of mortgage and finance industry leaders sent a plea to federal regulators, asking for desperately needed.
· Fannie Mae’s new program takes the cash-out refinance a little further and says that you can only use your cash-out amount for student loans. However, it’s not that easy. There are certain requirements you have to meet in order to be eligible for the program.
The Consumer Financial Protection Bureau is allowing a provision to expire that once made it easier. get mortgages. The.
But the July 29th release of Fannie Mae’s Desktop Underwriter makes it possible for many applicants who didn’t qualify before to now qualify because of an updated risk assessment that allows for higher debt-to-income ratios. Under DU Version 10.1 release, Fannie Mae increased its maximum allowable DTI ratio to 50%.
Fannie Mae makes it easier to get a mortgage despite student debt Fannie Mae last week announced three small steps it is taking to make it easier for people with education loans to get or.
Fannie Mae says its fees for the loan are likely to be the same or possibly lower than market rates, though a lender might charge interest. A credit score of 680 will get you a decent mortgage rate.
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Thankfully, Fannie Mae made it easier to qualify for a mortgage by raising its DTI maximum from 45 percent to 50 percent in July. "This opens doors for additional borrowers with good credit. And it increases the ability to make a reasonable down payment to obtain a home mortgage," says Baker.
Guideline Change from Fannie Mae Makes Qualifying Easier. The cost of college attendance goes up every year and, with it, student debt. There are 44 million Americans with $1.4 trillion in student loan debt. The average student graduates with $37,172 worth of loans to pay back. That debt has led some of us to delay a lot of things, including getting our first home.