The Departure Of Bill Gross From Pimco Has Contributed To The Falling Of US Mortgage Rates While the concerning worldwide news of European and Asian economic unrest have been causing mortgage rates to drop to low levels, the departure of Bill Gross from Pimco may have further accelerated the falling trend of rates that can be seen across the … [Read more...]
Archives for December 2014
FHFA Is Noticeably Easing Mortgage Standards
Mel Watt, director of the Federal Housing Finance Agency (FHFA), recently announced extensive plans to expand the access of homebuyers to mortgage loans, by easing lending standards. The current tight lending conditions governing the market are considered the main cause behind the hindering of the real estate industry. During the annual conference … [Read more...]
Fannie Mae Is Ready to Bring Back 3% Down Payments – Five Reasons Why
In late 2013, Fannie Mae increased the minimum down payment from 3% to 5%. Now, they are ready to come back to the original terms, but many analysts are still wondering whether this is a prudent move. Fannie Mae was profitable in this year’s third quarter, with $3.9 billion net income and $6 billion net revenue, although their earnings dropped by … [Read more...]