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Mortgage Professor about freddie mac and fannie may loans: 
Who Gets the Lowest Mortgage Price?
May 16, 2005 "Is there an optimum combination of loan features that usually commands the best prices, year in and year out, over a variety of products?" Yes, the following combination of borrower, property and transaction features commands the lowest price. ... more...

Difficult For Self-Employed to Qualify For a Mortgage?
January 4, 1999 "I am self-employed and want to purchase a house. When I went to a mortgage broker for a loan, he wouldn't give me the time of day! I can't believe that the system doesn't work for people like me." It does work for people like you, but it is ... more...

freddie mac and fannie may loans related definitions

Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more...

Section 8 Housing
Section 8 Housing The Section 8 program began during the Great Depression to increase the housing choices available to very low-income households by making privately-owned rental housing affordable to them. It provides rent subsidies, either rental certificates or vouchers, on ... more...

More about freddie mac and fannie may loans

Get Free freddie mac and fannie may loans Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Even With Credit Problems... You Can Get A Loan Within 30 Days, If You're Willing To Work At It
A wise friend once told me that *extraordinary people* are just *ordinary people* who do extraordinary things.It's the same way with loans. People that get loans after being turned down are not extraordinary people, they are ordinary people who do extraordinary things to get their loan.Here's an ... more...

Fannie Mae and Freddie Mac Mortgage Loans - Conforming Loans Provide Low Interest Rates
Conforming loans provide low interest rates since they are almost guaranteed to be purchased by Fannie Mae or Freddie Mac, which allows more funds to be available for borrowers. However, these corporations have terms, such as maximum loan, that limit how much you can borrow. If you dont meet their ... more...

Financing Houses
What Real Estate Lenders Look ForLenders control many programs -- some make use of over 200! Generally, lenders look for the following typical standards, with many exceptions:1. Absolutely no late mortgage payments 2. Credit score above 580 3. If bankruptcy, no charge-offs or collection accounts ... more...

Student Loan Consolidation - How To Get The Best Rates And Plans?
Student loan consolidation can have many benefits for the career minded student. With the prices of things going through the roof, going to college can be very costly. Many students dont have thousands of dollars to pay their way through college.This is why many college students use student loans ... more...

A Critical Guide to Home Loans: Your Options and How They Affect Your Future
Understanding Mortgage Loans-An Insiders GuideThere was a time in the not-so-distant past when financing the purchase of a home was relatively uncomplicated. You went to your local savings and loan and signed up for a 30-year, fixed-rate mortgage loan. Those days are gone, probably forever. Today, ... more...

A Personal Loan And Your Rights
You can use a personal loan for many different things including, but not limited to, paying off bills, taking a vacation, buying a car and much more. Interest rates on a personal loan will vary, depending on your credit rating and the institution you are choosing to get your personal loan from. It ... more...

Lions and Loans: Why Finance Should Always be Personal
Different types of loans are available for almost every aspect of your life: personal loans, car loans, secured and unsecured loans, home loans, homeowner loans, student loans, graduate loans and career development loans (CDL). If youve suffered from credit problems in the past and now hold ... more...

Unsecured Loans Substituting Secured Loans
Watching more and more people fall in the trap laid down by the secured loans, you resolved never to take debt help from the lending organisations. Nevertheless, as and when need arises, the lending organisations do have to be approached for help. With the many changes that have taken place in the ... more...

How To Bankrupt Your Student Loans
Everyone knows that you cannot bankrupt student loans. Search the web with the keywords bankruptcy and student loans and you get either many listings for lending institutions trying to get you to take out another loan, or you see articles telling you that it is virtually impossible to bankrupt ... more...

A Look at Common Types of Loans
People sometimes wonder about common types of loans, especially with all of the different types of loans available.There are many common types of loans that may fall into the same categories, as well as some common types of loans that are only different in one or two small ways.Below are the ... more...

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