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22 April 2024 | 12 replies
Conventional refinance would require 12 month seasoning as per Fannie Mae/Freddie Mac guidelines, so you'd likely go with a DSCR refinance.
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21 April 2024 | 1 reply
Nevertheless, homebuying and selling sentiment remains strong, according to Fannie Mae’s latest Home Purchase Sentiment Index.
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20 April 2024 | 4 replies
Does Fannie Mae sell their loans.
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20 April 2024 | 24 replies
Fannie Mae doesn’t care what platforms that your second home is marketed on.
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25 April 2024 | 209 replies
In California we have had these Buyer Representation Agreements for years and many brokerages always recommended that we use them, now it will be a requirement.This Buyer Representation Agreement will include how the Buying Agent will be compensated, terms of payment, etc......1 of 3 things will happen here: Either the Seller will compensate the Buyer's Agent (which is how things have always been done) OR the Buyer will have to pay for it through the lender's closing costs (which I doubt will happen because this will create a higher burden on the Buyer) OR in the Settlement Statement (Closing Statement) there may be some sort of "credit" for commission or "credit" towards Buyer's Agent or something like that which will required Fannie Mae and Freddie Mac approval (which I heard an inkling that it may already be approved through Fannie and Freddie)....for all you nay-sayers out there, the Buyer's Agent WILL be compensated in one way or another.
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19 April 2024 | 4 replies
Also know that the 203k is less and less popular now, since most renovation loans have moved to the fannie mae homestyle.
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19 April 2024 | 5 replies
This is generally due to the fact that this is how the American housing giants – Fannie Mae and Freddie Mac – government-sponsored agencies, separate their loan programs.Note that this is another example of where real estate “lingo” doesn’t always match with the standard English Language!
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18 April 2024 | 8 replies
Some want a Fannie Mae form 1003.
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17 April 2024 | 0 replies
This is generally due to the fact that this is how the American housing giants – Fannie Mae and Freddie Mac – government-sponsored agencies, separate their loan programs.