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ParticipantI fully understand why people worry about Fannie and Freddie. I just don’t understand why they don’t worry about FHA. FHA will take lower FICO scores, higher debt-to-income ratios, lower down payments, and unlike Fannie and Freddie, they have no capital at all between them and the taxpayer.
ParticipantI fully understand why people worry about Fannie and Freddie. I just don’t understand why they don’t worry about FHA. FHA will take lower FICO scores, higher debt-to-income ratios, lower down payments, and unlike Fannie and Freddie, they have no capital at all between them and the taxpayer.
ParticipantI fully understand why people worry about Fannie and Freddie. I just don’t understand why they don’t worry about FHA. FHA will take lower FICO scores, higher debt-to-income ratios, lower down payments, and unlike Fannie and Freddie, they have no capital at all between them and the taxpayer.
ParticipantI fully understand why people worry about Fannie and Freddie. I just don’t understand why they don’t worry about FHA. FHA will take lower FICO scores, higher debt-to-income ratios, lower down payments, and unlike Fannie and Freddie, they have no capital at all between them and the taxpayer.
ParticipantFHA still does zero down, and with increased loan limits you should start seeing a lot of California business going zero down FHA soon enough. And it will cost the taxpayer plenty.
See http://mpra.ub.uni-muenchen.de/5370/
for an analysis of how badly these things default.
ParticipantFHA still does zero down, and with increased loan limits you should start seeing a lot of California business going zero down FHA soon enough. And it will cost the taxpayer plenty.
See http://mpra.ub.uni-muenchen.de/5370/
for an analysis of how badly these things default.
ParticipantFHA still does zero down, and with increased loan limits you should start seeing a lot of California business going zero down FHA soon enough. And it will cost the taxpayer plenty.
See http://mpra.ub.uni-muenchen.de/5370/
for an analysis of how badly these things default.
ParticipantFHA still does zero down, and with increased loan limits you should start seeing a lot of California business going zero down FHA soon enough. And it will cost the taxpayer plenty.
See http://mpra.ub.uni-muenchen.de/5370/
for an analysis of how badly these things default.
ParticipantFHA still does zero down, and with increased loan limits you should start seeing a lot of California business going zero down FHA soon enough. And it will cost the taxpayer plenty.
See http://mpra.ub.uni-muenchen.de/5370/
for an analysis of how badly these things default.
ParticipantThe guarantee covers principal and interest. The way it works is that Fannie or Freddie (the Home Loan Banks operate differently) agree to buy the mortgage for the unpaid principle balance, plus accrued interest, when the loan is 120 days delinquent. They put the guarantee on securities backed by loans that met their underwriting standards, so it’s possible for a loan to be in a guaranteed pool without a down payment, but there aren’t many of them. Their’s no income limits. They do stated income. If the case of fraud, they have the right to demand that the seller of the loan buy it back from them. That is, of course, if the seller is still in business. Their is a lot of detail on their loan characteristics, such as % stated income, average LTVs and credit scores, etc., in the quarterly filings they did last month, available on their websites.
ParticipantThe guarantee covers principal and interest. The way it works is that Fannie or Freddie (the Home Loan Banks operate differently) agree to buy the mortgage for the unpaid principle balance, plus accrued interest, when the loan is 120 days delinquent. They put the guarantee on securities backed by loans that met their underwriting standards, so it’s possible for a loan to be in a guaranteed pool without a down payment, but there aren’t many of them. Their’s no income limits. They do stated income. If the case of fraud, they have the right to demand that the seller of the loan buy it back from them. That is, of course, if the seller is still in business. Their is a lot of detail on their loan characteristics, such as % stated income, average LTVs and credit scores, etc., in the quarterly filings they did last month, available on their websites.
ParticipantThe guarantee covers principal and interest. The way it works is that Fannie or Freddie (the Home Loan Banks operate differently) agree to buy the mortgage for the unpaid principle balance, plus accrued interest, when the loan is 120 days delinquent. They put the guarantee on securities backed by loans that met their underwriting standards, so it’s possible for a loan to be in a guaranteed pool without a down payment, but there aren’t many of them. Their’s no income limits. They do stated income. If the case of fraud, they have the right to demand that the seller of the loan buy it back from them. That is, of course, if the seller is still in business. Their is a lot of detail on their loan characteristics, such as % stated income, average LTVs and credit scores, etc., in the quarterly filings they did last month, available on their websites.
ParticipantThe guarantee covers principal and interest. The way it works is that Fannie or Freddie (the Home Loan Banks operate differently) agree to buy the mortgage for the unpaid principle balance, plus accrued interest, when the loan is 120 days delinquent. They put the guarantee on securities backed by loans that met their underwriting standards, so it’s possible for a loan to be in a guaranteed pool without a down payment, but there aren’t many of them. Their’s no income limits. They do stated income. If the case of fraud, they have the right to demand that the seller of the loan buy it back from them. That is, of course, if the seller is still in business. Their is a lot of detail on their loan characteristics, such as % stated income, average LTVs and credit scores, etc., in the quarterly filings they did last month, available on their websites.
ParticipantThe guarantee covers principal and interest. The way it works is that Fannie or Freddie (the Home Loan Banks operate differently) agree to buy the mortgage for the unpaid principle balance, plus accrued interest, when the loan is 120 days delinquent. They put the guarantee on securities backed by loans that met their underwriting standards, so it’s possible for a loan to be in a guaranteed pool without a down payment, but there aren’t many of them. Their’s no income limits. They do stated income. If the case of fraud, they have the right to demand that the seller of the loan buy it back from them. That is, of course, if the seller is still in business. Their is a lot of detail on their loan characteristics, such as % stated income, average LTVs and credit scores, etc., in the quarterly filings they did last month, available on their websites.
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