Tag Archives: Qualified Mortgage

Fannie and Freddie lower mortgage modification interest rates

Beginning May 13, Fannie Mae and Freddie Mac will lower the standard modification interest rate from 3.75% to 3.625%, the lowest it has been since the program began in 2012.  To read more click http://www.housingwire.com/articles/36987-fannie-mae-freddie-mac-mortgage-modification-interest-rate-falls-to-new-record-low

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Good News for the title and mortgage industry

Home lending set to bounce back in 2015

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House passes HR 3211 the “Mortgage Choice Act”

On June 9, the U.S. House of Representatives unanimously passed H.R. 3211, the Mortgage Choice Act of 2013.  The bill, sponsored by Rep. Bill Huizenga, R-Michigan,  specifically exempts fees paid to businesses affiliated with the lender, such as title companies, from … Continue reading

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Fannie Mae and the CFPB in sync on new servicer rules

Interesting article on Fannie Mae and their new servicer guidelines. http://www.mortgagenewsdaily.com/01102014_servicing_rules.asp

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Qualified Mortgage and Ability to Repay Rule aim to aide consumers

The Qualified Mortgage Rule, which includes the new Ability to Repay requirements became effective today.  This article gives a good overview of the rule and what outcome it might have on the mortgage industry. http://www.usatoday.com/story/money/business/2014/01/09/qualified-mortgage-borrowers-consumer-protection/4361281/

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The Qualified Mortgage (QM) Rule goes into effect tomorrow January 10th…

Here is some good news from the lending community… http://www.nationalmortgagenews.com/features/Lenders-Are-Not-as-Worried-About-Interruption-from-QM-Rule-1040553-1.html

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