by Fatima Khokhar | Apr 16, 2012 | Banking And Finance, Fannie, Freddie and the Fed
Distressed home loan borrowers are set to receive some level of financial relief as the national mortgage settlement filed in February in federal court demanded $ 25 billion in compensation from the top five big and bad mortgage service banks; Bank of America, Ally...
by Fatima Khokhar | Jan 31, 2012 | Banking And Finance, Fannie, Freddie and the Fed, International Real Estate Investing, Naples Area Market Conditions
2012 has started off with a bang! As the final hours of the first month of the year tick away we wonder if any more bits of news will sneak in, we hope not as this is all she wrote! Single Family Homes Surge The US Commerce Department reported that nationwide...
by Fatima Khokhar | Oct 3, 2011 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The federal government has stuck to their guns to support the reduction of home mortgage loans that they are willing to purchase. The new loan limits as of October 1, 2011 reduces the federal government’s stake in the mortgage market and revitalizes the role of...
by Fatima Khokhar | Apr 16, 2011 | Buzz Around Naples, Fannie, Freddie and the Fed
Fannie Mae has launched a special offer for buyers who purchase a Fannie Mae owned home. Purchasers will qualify for up to 3.5% in closing cost assistance provided they meet the following qualifications: Buyers submit the initial offer after April 11, 2011 and close...
by Fatima Khokhar | Nov 16, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
The credit crisis annihilated the jumbo loan market. Banks simply stopped making loans available for “expensive” homes”. Jumbo mortgages by definition are those that are too big to be bought by government-backed agencies, such as Fannie Mae and Freddie Mac. The...
by Fatima Khokhar | Oct 19, 2010 | Banking And Finance, Fannie, Freddie and the Fed, Naples Area Market Conditions
WASHINGTON – Oct. 18, 2010 – Recent revelations about mortgage lenders filing possibly faulty court papers to foreclose on homes has sparked a public outcry and called into question tens of thousands of foreclosures. Q: How did this come to light? A: Lawyers for...
