by kramoltz@hotmail.com | Feb 23, 2015 | Foreclosures + Short Sales, Mortgages + Lending
Part 1 of this blog series detailed some of the programs and resources available to distressed home owners from the government and Fannie Mae and Freddie Mac. Those programs were insufficient to assist the increasing volume of struggling homeowners. This segment deals...
by kramoltz@hotmail.com | Feb 23, 2015 | Foreclosures + Short Sales, Mortgages + Lending
Traditionally, the help available to a distressed home owner from the government and Fannie Mae and Freddie Mac was limited to information and advice, such as that under the Hope Now Program. Hope Now is a free foreclosure prevention service provided by loan servicers...
by kramoltz@hotmail.com | Feb 23, 2015 | Mortgages + Lending
The residential real estate market and the mortgage industry received some good news this week. The Fed announced that it will purchase $600 Billion worth of mortgage-backed securities (mortgage bonds) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. This should...
by kramoltz@hotmail.com | Feb 10, 2015 | Home Buying, Mortgages + Lending
Here are four general rules of mortgage affordability you can use to help you determine how much debt you can handle when buying a home. What is your Income? You can typically afford a home priced two to three times your gross income. So if you earn $100,000,...
