Tag Archives: Freddie Mac

In an effort to provide relief to homeowners who are struggling to pay their mortgages, or who are already considerably underwater with their mortgage-home valuations, the FHA has developed what is called Streamline Financing.

It’s an excellent deal if you qualify. One of the best things about FHA Streamline Financing is that your credit rating doesn’t matter, even if it’s bad. It also doesn’t matter how shaky your current position is with your home or how dire your employment situation.

FHA Streamline Financing does not require:

• Employment verification
• Income verification
• Credit score verification
• A home appraisal
Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , , , , , | Comments Off

It took a superstorm of dramatic proportions to put a stop to the foreclosure crisis that had been affecting many borrowers in the Northeastern part of the country. Financial giants Fannie Mae and Freddie Mac said on Tuesday they would allow mortgage companies that collect payments for them to give mortgage owners a much needed break.

With talk of the damages being in the range of $50 billion or more, properties being financed will have to be reassessed because of possible storm damage. As it has been with many lenders and other businesses, including the Federal Housing Administration and the Department of Veterans Affairs, Fannie and Freddie are expected to reopen their trading windows as soon as possible. Continue reading

Posted in Bad Credit Mortgage, Houston Mortgage News, Mortgage Rates, Refinancing News, Tips & Tricks, Uncategorized | Tagged , , , , , | Comments Off