All Posts Tagged With: "Fannie Mae"
What’s The Difference Between the FHA and Fannie Mae?
The FHA is part of the Department of Housing and Urban Development. FHA was founded in the 1930s and popularized long-term financing with little down. It guarantees (insures) that loans with little down will be re-paid, thus reducing lender risk. Fannie Mae is a former government agency that has been converted into a for-profit government [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
Can I get a mortgage after a foreclosure?
Would you give someone a home loan soon after they were foreclosed? Not likely, and lenders feel the same way. In practice, after a foreclosure lenders will typically refuse further financing for two to five years under guidelines established in June 2008 by Fannie Mae. In the usual case expect to wait five years. In [...]
26Aug2008 | Peter G. Miller | 0 comments | Continued
HUD Bias Claims Bend Reality
You couldn’t miss the headline. It was the lead story on the front page of The Washington Post, prime journalistic real estate generally reserved for matters of the greatest national importance. On March 2nd, the Post headline told us that HUD Mortgage Policies Hurt Blacks. “Tens of thousands of black Americans,” said the story, “pay [...]
12Aug2008 | Peter G. Miller | 0 comments | Continued
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