Recently, there has been much press coverage following discussions in Washington about the Mortgage Tax Deduction. The debate has mostly been focused on reducing the deduction for “high income” (over $250k) buyers and second homes.
However, a recent survey sponsored by the National Association of Home Builders (NAHB) and conducted by Public Opinion Strategies revealed that [...]

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Earlier this year, Fannie Mae (FNMA) and Freddie Mac announced that they would offer new refinancing opportunities for homeowners who are underwater on conventional mortgage programs guaranteed by them.
We are pleased to announce that Fannie Mae and Freddie Mac have now (effective March 18) updated their Automated Underwriting Systems to handle the new HARP [...]

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There has been much talk recently about new refinancing options available for homeowners who are underwater. Being underwater means you owe more on your home than it is worth.
The most recent program is referred to as Home Affordable Refinance Program (HARP) 2.0. This program is open to borrowers whose mortgages are owned by either FNMA [...]

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You hear a lot of reference to go back to mortgage lending requirements of 20 to 30 years ago. What does that mean exactly? Mostly this means that consumers would have to document all income, assets, employment and credit histories, as well as fit into ratio guidelines for their total housing payment and total debt [...]

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