Fannie Mae To Increase LTVs In November. Are They Driving The Housing Market Off The Cliff Again? Fannie Mae on Thursday announced that its Desktop Underwriting system. The new GSA guidelines include new changes to the maximum allowable LTV ratios for two- to four-unit and principal residences. The changes also apply to purchase and limited […]
Successfully Fighting Foreclosures Requires The Strategies Most Foreclosure Defense Attorneys Get Wrong Or Don’t Even Bother Pursuing Homeowners are successfully fighting foreclosures in record numbers since the housing collapse in 2008. Why? Homeowners are realizing they can successfully fight foreclosure actions brought on by unscrupulous mortgage servicers. Or in a worse case, fight the lender […]
New York Court of Appeals Decision Siding With FNMA Could Have A Major Impact On Upcoming Legislation Six Judges on the New York Court of Appeals have ruled in favor of Fannie Mae in a foreclosure case. The ruling could have an impact on legislation awaiting New York Gov. Kathy Hochul’s signature. The court ruled that […]
New Jersey Lawyer Fausto Simoes And Real Estate Developer Victor Santos Admit To Mortgage Fraud A New Jersey lawyer and a real estate developer each admitted to running a $3.5 million mortgage fraud scheme. The scheme led to over $3.5 million in losses for Fannie Mae. Victor Santos of Watchung, New Jersey and Fausto Simoes […]
Fannie Mae Predicts Dark Days Ahead For The Housing Market Fannie Mae predicts things will get worse for the housing market and mortgage industry before it gets better. A group of economists at Fannie Mae slashed their forecast for 2022 home sales this week. Fannie Mae’s Economic and Strategic Research Group expects total home sales to […]
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