Posts Tagged ‘freddie mac’
April 4th, 2010 | 
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UPDATE APRIL 9, 2010 – Fannie Mae and FHA have also eased restrictions now. Click here for more info.
I’ve heard several horror stories recently about buyers ready, willing and able to purchase a condo, but no one will write the loan for them. Typically, this happens when there is a high rate of non-owner occupiedor simply vacant units in a condo or if there is high delinquincy rate for the condo association fees.
A new program through Freddie Mac, effective April 1, 2010 is designed to relax lending standards to allow buyers to purchase condos and help alleviate the glut of condo inventory on the market now.
For full details, please click here.
Posted in Real Estate | 
Tags: freddie mac, jacksonville condo loans, jacksonville condos | 
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Banks are again offering home equity loans.
Lenders are expected to make about $36 billion in new home equity loans over the next year, according to Moody’s Economy.com. That’s actually more than the $34 billion in home equity loans MORE
Source: Bloomberg, Kathleen M. Howley, Prashant Gopal, John Gittelsohn (03/11/2010)
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