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 | Apr 1, 2011 | Banking And Finance, Buzz Around Naples, Naples Area Market Conditions
Late last week Bloomberg released the news article below, which highlights Naples as a prime Florida location that continues to attract domestic and international buyers. Figures in the article speak to an increase number of sales for the area given the pent up...
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...
