Articles tagged with: Fannie Mae
The Federal Reserve says that financial markets “remain supportive of economic growth”. Residential mortgage guidelines, however, continue to tighten. If you’ve applied for a home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things. The hard proof of the changes, however, can be found in the Federal Reserve’s quarterly survey of its member banks.
- Banks Raise Mortgage Qualification Standards
- Mortgage Approvals Are Getting More And More Scarce
- Mortgage Lending Starts To Show Signs Of A Thaw
I’m glad to see that these loan limits were raised. Now, more buyers & those looking to refinance can benefit from this higher conforming loan amount.
S.F. and the immediate Bay Area has one of the …
Lots of information & details below. The New Home Credit may not apply to very many buyers in our local area since we don’t have that much new home construction! Just in case, 30% the …