Comments on: The Constant Changes to Fannie Mae Lending Guidelines http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/ New Home and Home Builder Information Sun, 08 Nov 2009 06:48:16 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Almira@okc wedding photographer http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-24068 Almira@okc wedding photographer Thu, 06 Aug 2009 04:28:03 +0000 http://www.newhomessection.com/blog/?p=407#comment-24068 I hope the economy would rise and hopefully the president would something to housing loan bills too. .-= Almira@okc wedding photographer´s last blog ..<a href="http://www.oklahomaweddingstudios.com/blog/archives/174" rel="nofollow">The Shultz Wedding { Oklahoma City | Hall of Mirrors | OKC Civic Center }</a> =-. I hope the economy would rise and hopefully the president would something to housing loan bills too.
Almira@okc wedding photographer´s last blog ..The Shultz Wedding { Oklahoma City | Hall of Mirrors | OKC Civic Center } My ComLuv Profile

]]> By: Scott http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-7866 Scott Wed, 28 Jan 2009 03:17:57 +0000 http://www.newhomessection.com/blog/?p=407#comment-7866 I'm sure everyone is expecting Obama to do something, ie. offer 2.99% 30 year rates, tax abatements, credits, etc.. The bottom line is that no matter what incentives we get it is going to take a LONG time for the inventory to dry up, thus will keep values down for quite a bit. I had a friend of mine refinance a house for the FIRST TIME the other day which he originally bought in 2002. He had to bring $40,000 to the table because of a huge value drop. Shame <abbr><em>Scotts last blog post..<a href="http://www.newjerseyrealestateguys.com/hot-topics/search-hudson-county-mls/" rel="nofollow">Search Hudson County MLS</a></abbr></em> I’m sure everyone is expecting Obama to do something, ie. offer 2.99% 30 year rates, tax abatements, credits, etc.. The bottom line is that no matter what incentives we get it is going to take a LONG time for the inventory to dry up, thus will keep values down for quite a bit. I had a friend of mine refinance a house for the FIRST TIME the other day which he originally bought in 2002. He had to bring $40,000 to the table because of a huge value drop. Shame

Scotts last blog post..Search Hudson County MLS

]]> By: JCL@A Real Estate Blog Focusing on Christ, Christian Ethics, Emotional Issues and Encouragement as it Relates to Real Estate. http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-6777 JCL@A Real Estate Blog Focusing on Christ, Christian Ethics, Emotional Issues and Encouragement as it Relates to Real Estate. Fri, 19 Dec 2008 16:36:13 +0000 http://www.newhomessection.com/blog/?p=407#comment-6777 More difficult to borrow, but not impossible. I would argue that *some* of this slowdown has been necessary for quite some time (during the free-wheeling subprime days). What goes up must come down for the general health of the economy over the long-term. Let's just hope the bottom doesn't totally fall out of this thing. We want a slow-steady rise, not a jagged fly-high/crash hard scenario. More difficult to borrow, but not impossible. I would argue that *some* of this slowdown has been necessary for quite some time (during the free-wheeling subprime days). What goes up must come down for the general health of the economy over the long-term. Let’s just hope the bottom doesn’t totally fall out of this thing. We want a slow-steady rise, not a jagged fly-high/crash hard scenario.

]]> By: Gabbie Tanner http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4569 Gabbie Tanner Sun, 19 Oct 2008 20:43:41 +0000 http://www.newhomessection.com/blog/?p=407#comment-4569 I bought a $285,000 home last month which needs electrical work before it can qualify for a conventional loan.I took out an equity line on another property, I own, for $200,000 and paid the additional $85,000 from my own reserves. Once the electrical work is completed I want to take out a conventional loan for $200,000. The property is my prime residency do I have to wait 6 months before I can get a conventional loan? I bought a $285,000 home last month which needs electrical work before it can qualify for a conventional loan.I took out an equity line on another property, I own, for $200,000 and paid the additional $85,000 from my own reserves. Once the electrical work is completed I want to take out a conventional loan for $200,000. The property is my prime residency do I have to wait 6 months before I can get a conventional loan?

]]> By: Dan @ Tampa Real Estate Blog http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4220 Dan @ Tampa Real Estate Blog Wed, 08 Oct 2008 16:23:33 +0000 http://www.newhomessection.com/blog/?p=407#comment-4220 We won't be seeing to many refinances with the new law, Most owners will be locked into a higher interest rate and won't be able to have the opportunity to get a lower rate. Dans last blog post..<a href="http://tampafloridarealestateblog.com/dr-horton-homes-tampa/" rel="nofollow">D.R. Horton Homes Tampa</a> We won’t be seeing to many refinances with the new law, Most owners will be locked into a higher interest rate and won’t be able to have the opportunity to get a lower rate.

Dans last blog post..D.R. Horton Homes Tampa

]]> By: Las Vegas NV Real Estate http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4165 Las Vegas NV Real Estate Mon, 06 Oct 2008 02:28:33 +0000 http://www.newhomessection.com/blog/?p=407#comment-4165 Seems that some of these measures should have been put in places months ago. It will be interesting to see the effect this has on mortgage industry. Las Vegas NV Real Estates last blog post..<a href="http://www.lvrealty.net/news/monterey-auction" rel="nofollow">Monterey Auction</a> Seems that some of these measures should have been put in places months ago. It will be interesting to see the effect this has on mortgage industry.

Las Vegas NV Real Estates last blog post..Monterey Auction

]]> By: Emily in Austin http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4160 Emily in Austin Mon, 06 Oct 2008 01:36:53 +0000 http://www.newhomessection.com/blog/?p=407#comment-4160 Some of these changes are awful, but a few are certainly for the best. I think it really is important that people buy homes with down payments so they can have a reasonable amount of equity in the home. Not having equity in the home is what caused so many people to crash and burn in the mortgage meltdown. Some of these changes are awful, but a few are certainly for the best. I think it really is important that people buy homes with down payments so they can have a reasonable amount of equity in the home. Not having equity in the home is what caused so many people to crash and burn in the mortgage meltdown.

]]> By: Marc Rasmussen http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4096 Marc Rasmussen Fri, 03 Oct 2008 14:04:11 +0000 http://www.newhomessection.com/blog/?p=407#comment-4096 I agree that we need to make some changes to the lending industry but 75% LTV might be a little too aggressive. That will prevent a ton of people from owning a home. It will prevent people from buying a home that can actually afford them. I agree that we need to make some changes to the lending industry but 75% LTV might be a little too aggressive. That will prevent a ton of people from owning a home. It will prevent people from buying a home that can actually afford them.

]]> By: Free Blog Review: New Homes Section http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4091 Free Blog Review: New Homes Section Fri, 03 Oct 2008 11:39:11 +0000 http://www.newhomessection.com/blog/?p=407#comment-4091 [...] recently updated at the time of writing this review which I always like to see! The recent post on Fannie Mae Changes was well written and useful info - and even the posts in their archive from over a year ago are [...] [...] recently updated at the time of writing this review which I always like to see! The recent post on Fannie Mae Changes was well written and useful info – and even the posts in their archive from over a year ago are [...]

]]> By: Top Commentators for September 2008 - Link Building and SEO tips from Pixelhead http://www.newhomessection.com/blog/the-constant-changes-to-fannie-mae-lending-guidelines/2008/09/26/comment-page-1/#comment-4077 Top Commentators for September 2008 - Link Building and SEO tips from Pixelhead Thu, 02 Oct 2008 17:11:19 +0000 http://www.newhomessection.com/blog/?p=407#comment-4077 [...] Paul over at NewHomesection, a New Home resource site,  has a post about the ever changing Fannie May guidelines. [...] [...] Paul over at NewHomesection, a New Home resource site,  has a post about the ever changing Fannie May guidelines. [...]

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