It sounds like something from the go-go days of real estate: a mortgage that requires no appraisal, as little as 3 percent down and no mortgage insurance. Buyers can get up to 3.5 percent of the ...
What Is Fannie Mae HomePath? Fannie Mae HomePath is a program designed by the Federal National Mortgage Association, commonly known as Fannie Mae, to facilitate the sale of its foreclosed properties.
The HomePath Ready Buyer program is targeted to first-timers entering the housing market and is a government-sponsored enterprise. Potential first-time homebuyers who otherwise thought homeownership ...
Even as Fannie Mae tightens standards on most new mortgages, the government-sponsored enterprise is offering buyers of its repossessed homes financing with some of the most generous terms available ...
With all of the talk lately about owning a bank or not owning a bank, it is interesting to keep in mind some recent findings of the semi-annual MBA/STRATMOR Peer Group Survey. The study divided ...
My comments yesterday about the general state of mortgage bankers and brokers drew some interesting responses.... One reader wrote, "What actual data exists to show the percentage of brokers and ...
Buying a house in today’s market can be daunting, and finding an affordable home can be an even bigger challenge. One option to consider that might check the affordability box and require less ...
The Fannie Mae HomePath program offers an opportunity for homebuyers to purchase foreclosed, forfeited or short sale properties, potentially at a lower price. The HomePath program helps promote ...
On October 7, 2014, government-sponsored enterprise Fannie Mae will retire its HomePath Mortgage and HomePath Renovation Mortgage products. HomePath is the platform for liquidating Fannie Mae real ...
Foreclosures happen. They are an unfortunate reality that has become increasingly common over the last eight years. When foreclosures occur on mortgages in which Fannie Mae is the investor, their goal ...
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