Fannie Mae mortgagors have long been jealous of FHA mortgagors because they have the FHA streamline refinance. Enter the FNMA DU Refi Plus. If you have an existing Fannie Mae home mortgage which does not have mortgage insurance you can refinance all the way up to 105% of the appraised value of your home provided [...]

Some of the questions make us snicker but then we realize the reason most people are in bad shape is because they didn’t take time to ask basic questions when they were getting into a loan that would put them into bad shape. Here are a couple of answers to various “can I refinance if” [...]

Appraisers have it easy. All they have to do is look at some numbers on the computer and take a few photos.
Oh, really?
Mortgage lenders rely on everything the appraiser does. Not only the originating lender but every investor who buys that loan throughout its life.
Fannie Mae has some very strict guidelines which change regularly and [...]

Be optimist or pessimist the numbers do not lie. What do the numbers say about the US real estate market in the last two years? Dismal, at best. John Burns, CEO of John Burns Real Estate Consulting, always gives grades in quick glimpse -and easy to comprehend- A, B, C, D, and F like most [...]

You have seen them: the secrets of real estate investing. Anytime you see that word “secret” get out your wallet. I can tell you for a fact there are no secrets. In fact, anything that is a secret hasn’t been used. Gurus could not pack rooms for thousands of dollars if you accepted that there [...]

“In connection with the streamlined modification program announced jointly by the Federal Housing Finance Agency (FHFA), Freddie Mac, and Fannie Mae on November 11, 2008, Fannie Mae is instituting a halt to all foreclosure sales on occupied single-family properties as well as to the completion of evictions from occupied single-family [...]

I am still amazed that many investors and agents do not know that Fannie Mae dropped the total number of loans on credit to four when an investor is purchasing a new property or refinancing an old one. They simply will not allow more than four properties on credit. Not smart on their part but [...]