Tag Archives: Freddie Mac

Hidden Guarantee Fee Set To Rise

According to an article written by Vickie Elmer and published on March 1, 2012 in the New York Times, the hidden guarantee fee of your home mortgage will rise in spring, and other increases will likely take place later this … Continue reading

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President Obama’s Plan to Help Responsible Homeowners

In his State of the Union address, President Obama laid out a plan to help responsible borrowers and support a housing market recovery. Key aspects of the president’s plan include: Broad-based refinancing: The president’s plan will provide borrowers who are … Continue reading

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Some Fast Facts from the California Association of Realtors

Calif. median home price: December 2011: $285,920 (Source: C.A.R.) Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.) Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.) Calif. Pending Home Sales Index: December 2011: 91.6, an increase from the revised 82.5 recorded in … Continue reading

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Freddie Mac Extends Forbearance to Unemployed Borrowers

From the California Association of Realtors weekly e-newsletter … Freddie Mac is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac’s prior approval and up to an additional six months with prior … Continue reading

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What is HARP and HARP 2.0?

HARP If you’re underwater on your conforming, conventional mortgage, you may be eligible to refinance without paying down principal and without having to pay mortgage insurance. If you meet the following criteria, you could qualify to refinance your home into … Continue reading

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