New Credit Scoring System Coming
Saturday, December 10th, 2011 Posted in Inside Real Estate | No Comments »There’s a new type of credit report coming that will provide lenders with far more information about borrowers. The new report is being developed by CoreLogic® and will include information that traditional credit reporting bureaus do not currently offer, including: Rent payments ...
Do You Have a Fannie or Freddie Loan?
Friday, December 9th, 2011 Posted in Inside Real Estate | No Comments »Your mortgage must be held by either Fannie Mae or Freddie Mac if you want to participate in the new HARP (Home Affordable Refinance Program) 2.0 refi program. A recent article in The Wall Street Journal’s Smart Money provides details and ...
Prudential Real Estate Has Been Sold
Thursday, December 8th, 2011 Posted in Inside Real Estate | No Comments »Prudential Real Estate and Relocation has been sold to Brookfield Asset Management, Inc., a Canadian-based investment firm. In its most recent quarterly report to investors, Prudential reported $4 million in adjusted operating income during the first nine months of 2011; down ...
Boise Real Estate: Financing Approvals
Monday, December 5th, 2011 Posted in Inside Real Estate | No Comments »It’s standard practice in the Boise real estate market for a home buyer to provide the seller with proof that they can get obtain financing. That proof is generally a written document from a lender and is called a “pre-qualification letter” ...
Congress Members Want Principal Reductions
Sunday, December 4th, 2011 Posted in Inside Real Estate | 2 Comments »Twenty-one members of Congress are calling for the Federal Housing Finance Agency (FHFA) to allow principal reductions for distressed Fannie Mae and Freddie Mac borrowers. In a letter to FHFA, the members said “We do not urge that the enterprises reduce ...
