Florida Mortgage News Update from Kevin Sandridge

6:47 AM |

Fannie Mae Rolls Out New Lending Rules December 13, 2010

2010-10-07 08:47:37-04
Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines. Related posts:

Fannie Mae Update: Getting Aproved for Florida Mortgages Just Got Harder Florida mortgage borrowers be aware - Fannie Mae just tightened...
Fannie Mae Tightens Guidelines On ARMs And Interest Only Products For the first time this year, Fannie Mae announced significant...
Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing A new loan quality initiative from Fannie Mae is making...

Florida Mortgage Update for the Week of October 12, 2010

2010-10-12 08:49:01-04
This week, there's a number of releases that should keep mortgage rates on the move -- up and down -- including Fed Minutes (Tuesday), Producer Price Index (Thursday), and Consumer Price Index, Retail Sales and a confidence survey (Friday). Related posts:

Florida Mortgage Rates for the Week of May 17, 2010 Florida mortgage markets improved last week -- but barely --...
Florida Mortgage Rate Update – Week of February 8, 2010 Mortgage markets improved last week on domestic jobs data and...
Florida Mortgage Rate Update for the Week of September 20, 2010 Mortgage markets were highly volatile, yet relatively unchanged last week...

Bank Reposessions Top 100,000 In A Month For The First Time Ever

2010-10-14 08:47:50-04
The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac. Related posts:

Florida Ranks Among Highest in Foreclosures for 13th Straight Month California, Florida, Arizona and Georgia accounted for more than half...
Home Defaults Dropped For The 7th Month In A Row In August Despite foreclosure filings surpassing 300,000 for the 18th straight month,...
Bank Reposessions Reach Record Levels For The Second Straight Month According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels...

Avoiding Common Mortgage Scams

2010-10-15 08:47:52-04
Despite tougher mortgage guidelines and better loan disclosures for consumers, mortgage fraud is on the rise. Related posts:

Rent A Home Or Buy A Home : The Case For Both Sides Is it better to rent a home, or to buy...
How To Properly Screen A Prospective Tenant According to the the National Association of Realtors®, "distressed homes"...
Should You Refinance Your Lakeland Mortgage? Lakeland mortgage rates are low and they likely won't stay...

Florida Mortgage News for the Week of October 18, 2010

2010-10-18 08:47:45-04
The United States is experiencing a Refi Boom. As compared to 6 months ago, a new, $200,000 home loan costs $124 less per month in principal + interest. Related posts: