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Fannie/Freddie no longer fund 2nd mortgages; Big changes to mortgage fees on borrowers

Fannie/Freddie no longer fund 2nd mortgages; Big changes to mortgage fees on borrowers

by | Apr 18, 2022 | 2022 real estate predictions, Atlanta Hard Money, Atlanta Private Lending, Atlanta real estate trends, Colorado Hard Money, Denver Hard Money, Denver private Lending, General real estate financing information, Government Bailout, hard money, Housing Price Trends / Information, interest rates, mortgage rates, Other Questions, Private Lending

  The federal housing finance agency (FHFA), the largest buyer of mortgages through Fannie Mae and Freddie Mac (Fannie/Freddie), announced huge changes to there fee structure.  In particular they are targeting high cost loans with big jumps for second...
Coronavirus lending 101: What do you need to know to get funding

Coronavirus lending 101: What do you need to know to get funding

by | Mar 29, 2020 | Coronavirus 2020 real estate impact, hard money, Other Questions, private lender, Private Lending, Process/Loan Submittal, Program Details

The Coronavirus pandemic has thrown the economy off a cliff leaving many equity rich property owners with no cash flow.  The pandemic has caused many residential and commercial tenants to defer or totally miss payments as the economy shuts down.  Property owners are...