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 | May 2, 2011 | Buzz Around Naples
Are Naples area buyers aware that on October 1, 2011 Fannie Mae and Freddie Mac will reduce the maximum mortgage loan amounts from $729,750 to $ 625,000? The end result; a borrower seeking a government-backed mortgage for a $ 1-million property will be required to...
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...
