Refi Possible News Today

Fannie Mae addresses some frequently asked questions about its RefiNow option for low-income borrowers, including comparisons with HomeReady.

It isn’t as if building or lending products, or ways of doing business, were handed down by Trappist monks. Change is always afoot, for better or worse. What is old is new again. Teachers are moving to oral exams to counteract AI and ChatGPT, similar to ancient Greek and Roman times. In the West and Southwest, adequate water rights and supplies have always been contentious but have resurfaced (get it?) with news that may impact other cities and towns: Arizona began limiting approvals for ...

Amidst the seemingly week mass shootings and violence, individual deaths stand out. Heartfelt condolences go out to Jennifer and Dan Gilbert, of Rocket Mortgage, over the death of their 26 year old son Nick. No parent should have to deal with the death of their child and going through the grieving process. Meanwhile, UWM’s Mat Ishbia was involved in a play during the NBA playoffs. When I was a kid, my grandmother (Edna, and the source of several of my passwords) came to live with us. When...

Do whatever you want to your clock, it doesn’t change the feeding time of your pets! Friday’s a holiday… Want to help out your vet (veteran, not veterinary) clients? There are plenty of good things that businesses and services are offering to veterans… My USN (1942-1962) Dad would have loved them. Check them out. Does your client have an existing VA insurance policy? You can add value by pointing out that with VA's online Instant Loan Approval service, Veteran...

FHFA recently issued updated area median income (AMI) limits, which are used to determine whether borrowers meet the income eligibility requirements for Freddie Mac Home Possible and Refi Possible mortgages, as well as exemption from the Super Conforming Mortgage Credit Fee in Price. Get the full details, as you may be able to offer affordable mortgages to even more borrowers.

FNB Enhances its Commitments to Low- to Moderate-Income Communities and Economic Equality with New Refinance Programs and Increased Closing Cost A...

CONSOLIDATED RESULTS OF OPERATIONS This discussion of our consolidated results of operations should be read in conjunction with our consolidated financial statements and accompanying notes. We have three primary sources of revenue: n Net interest income- Primarily consists of guarantee net interest income in Single-Family. We consolidate most of our...

Guaranteed Rate offers a full lineup of mortgage and refinance loans with fast preapprovals and closings — all online.

Do you smoke weed? Have you been vaccinated against COVID? Too early in the workweek for those questions? (Is it okay to ask if someone’s been vaccinated against polio?) Some questions aren’t, can’t be, shouldn’t be, are too politically charged to be, asked. We don’t want to need a lawyer to have a conversation with a co-worker or underling. This one is a little easier: What percent of outstanding MBS (mortgage-backed securiti...

Homepoint, an Ann Arbor, Mich.-based mortgage origination and servicing company, is expanding its program offerings to help additional eligible low-income borrowers take advantage of low interest rates to lower their mortgage payments. Homepoint now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate by a minimum of 50-basis points and save on monthly mortgage payments.