Federal Housing Finance Agency
Home Affordable Refinance Program Extended
Despite ongoing criticism and a number of recent bills aimed at ending several government mortgage assistance programs, the Home Affordable Refinance Program (HARP) has been extended by one year, per the Federal Housing Finance Agency. The FHFA announced Friday that HARP’s original expiration date of June 30 of this year would be pushed back to [&hellip
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New Refinance Program Probably Wonât Mean Much
During President Obamaâs speech to the nation last week, he mentioned that the White House would be working with the federal housing agencies to help more homeowners refinance their mortgages at todayâs low rates. And on Friday, the Federal Housing Finance Agency (FHFA) released a statement, noting that it âhas been reevaluating an existing program, [&hellip
The post New Refinance Program Probably Wonât Mean Much first appeared on The Truth About Mortgage.
Why Your Mortgage May Get More Expensive
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called âg-feesâ in exchange for purchasing their loans and bundling them into mortgage-backed securities, which are then sold to investors on the secondary market. [&hellip
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Pros & Cons of Investing in Real Estate
Among the many investment opportunities that are bound to come your way is real estate. Taking the leap to put your money into the world of commercial or residential property is, however, not an easy decision. To be successful, you need to weigh the benefits against the risks of the real estate market. To help […]
The post Pros & Cons of Investing in Real Estate appeared first on Credit Absolute.
Beginners Guide to Good and Bad Debt
As anyone who has ever watched their bank account balance decline after paying bills knows, owing money is no fun. But debt often serves an important function in peopleâs lives, putting things that can cost tens of thousands of dollars or moreâa college degree, a starter homeâwithin reach. Such cases arenât quite the same as […]
The post Beginners Guide to Good and Bad Debt appeared first on SoFi.
What Is Net Worth and Why Should You Know Yours?
The phrase ânet worthâ gets bandied around in conversations about billionaires. For instance, Jeff Bezosâs net worth in 2021 was estimated by Forbes to be $180.5 billion, Elon Muskâs $168.3 billion, Bill Gatesâ $126.3 billion, while Jay-Zâs was $1.4 billion. But itâs important for people who arenât billionaires to know their net worth as well. […]
The post What Is Net Worth and Why Should You Know Yours? appeared first on SoFi.
There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance
Before mortgage rates began their recent upward trajectory to start off 2018, quite a few mortgage refinances squeaked through the door. Some 446,295 refinances were completed by Fannie Mae and Freddie Mac in the fourth quarter of 2017, up considerably from 362,934 in the third quarter, according to the Federal Housing Finance Agency (FHFA). The [&hellip
The post There Are Still Nearly 90,000 Borrowers Who Could Benefit from a HARP Refinance first appeared on The Truth About Mortgage.
FHFA Says No Lump Sum Due Once Mortgage Forbearance Ends
Itâs Monday and Iâve got some good news for homeowners regarding mortgage forbearance. This morning, the Federal Housing Finance Agency (FHFA) announced, or rather reiterated, that homeowners currently in forbearance with a Fannie Mae- or Freddie Mac-backed mortgage are not required to pay back all the missed payments in one lump sum. Rather, theyâll be [&hellip
The post FHFA Says No Lump Sum Due Once Mortgage Forbearance Ends first appeared on The Truth About Mortgage.