Refi Possible News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 new developments within the Phoenix area. It’s hard to build large affordable housing develop...

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 you’re 10, sharing a bathroom with an 80-year-old is, uh, memorable, for lack of a better te...

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, Veterans with certain insurance plans may borrow up to the value of their policy. In our general industry, ...

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.