Fannie Mae: Consumers think it’s easier than ever to get a mortgage

So, some people may be able to get into a home of their own with a Fannie Mae loan with almost no money down, other than closing costs. HomeReady can be used for a rate and term finance, so you can move into a lower rate with this program if you have a higher rate on your mortgage today.

Consumers who believe it would be easy to get a mortgage today jumped to a record-high 54%, Fannie Mae’s February 2015 National Housing Survey found.

Fannie Mae updates HomeReady to make it even easier to get a 3% down mortgage Fannie Mae just made it easier to get a mortgage Jessica Guerin is an editor at HousingWire covering reverse mortgages.

As a new Congress settles into Washington, there’s some very old business lurking that’s not likely to grab its attention any time soon. Fannie Mae and Freddie Mac, the two giant mortgage. Congress.

Today, however, things have changed – the waiting times are decreased and the chances of getting a conventional mortgage are higher than ever before. Fannie Mae has created the Extenuating Circumstances Program which is very similar to the FHA Back to Work Program.

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 · Today, the GSEs’ role in the housing market is greater than ever, with Fannie and Freddie and other government backing nearly 90 percent of U.S. mortgages, compared to just under 50 percent in the years before the crisis.

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changes in misperceptions of mortgage requirements. The original benchmark study was undertaken in the summer of 2015 and found that consumers broadly lack an understanding of the basic thresholds to qualify for a mortgage, including down payment, debt-to-income ratio, and credit score requirements.

FHA to raise insurance premiums in April FHA Increase in Up-Front and Annual Insurance Premiums April. – FHA Increase The Federal Housing Administration (FHA) will increase the cost of up-front mortgage insurance premiums by 75 basis points effective april 1. The increase is only for new 30-year, single-family FHA loans. FHA refinances will not be affected. FHA also plans to increase annual premiums on loans up to $729,750 by 35 basis points on June 1 and on.

In 2008, as the housing crisis intensified, Fannie Mae and Freddie Mac. conservatorship achieved its key short-run goals of stabilizing mortgage. studies find that, prior to the financial crisis, conforming mortgages had lower. The thinking.. Mae and Freddie Mac's market share is thus higher than ever, and almost.

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First Time Home Buyer Loans | Fannie Mae & Freddie Mac Home Loans  · And when it’s time to get a mortgage to buy or refinance a home, we often go straight to our regular bank. Which is a big mistake. A recent report by the Consumer Financial Protection Bureau found that nearly half of all mortgage borrowers surveyed seriously considered only one lender before applying for a mortgage. Over three-quarters.