Explanation Of Fannie Mae And Freddie Mac Loans

Mortgage loans are dictated by a set of rules of compliance in the United States. Lenders and borrowers can therefore be guaranteed equality. The United States Congress formed a group of financial services corporations to set forth necessary guidelines. These corporations are identified as Government-Sponsored Enterprises, or GSEs. Loans seen to be GSE guideline-conformant are … Read more

Working With Our Government’s “Making Home Affordable” Program For Mortgage Refinancing Or Loan Modification

What does a homeowner need to do to take advantage of President Obama’s “Making Home Affordable” plan? How can I use this plan to get a more affordable mortgage through refinancing or home loan modification? Here are your answers: The “Making Home Affordable” plan is a homeowner bailout program proposed by President Obama and enacted … Read more