New Rule May Ban GSEs from Investing in Mortgages with Transfer Fees

Day: August 18, 2010

New Rule May Ban GSEs from Investing in Mortgages with Transfer Fees

New Rule May Ban GSEs from Investing in Mortgages with Transfer Fees

More restrictions coming for Freddie and Fannie, if the FHFA has anything to say about it! If a new rule goes into effect and FHFA (Federal Housing Finance Agency) gets their way, GSEs will be banned from purchasing mortgages with private transfer fee covenants. These fees are sometimes worked into the home purchase contracts and…  Continue Reading

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“Buy and Bail” Homeowners Get Around Loan Restrictions

“Buy and Bail” Homeowners Get Around Loan Restrictions

Wow, we still have a long way to go before this whole housing crisis is striaghtened out. Homeowners are getting desparate, and getting more creative in how they deal with their underwater homes… Even after Freddie Mac and Fannie Mae increased their standards against mortgage fraud, a practice known as “buy and bail” is taking…  Continue Reading

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