Tag: mortgage policy
-
Breaking Down the Debate on 50-Year Mortgages
So, the federal government is going to bring 50-year mortgages back? Yes, the idea has been tried before. Some lenders marketed 50-year mortgages back in the lead-up to the 2008 mortgage crisis — although those loans weren’t government-backed. We can’t tell how the federal government would try to make them work this time, but there’s…
-
What’s Going On With Fannie Mae and Freddie Mac?
Many people acquire deeds by applying for conventional loans. When we say conventional, we mean loans supported by our country’s federal housing agency through two powerhouses of the mortgage world: Fannie Mae and Freddie Mac. That’s why we keep current with news on the policy changes happening in that agency. And there’s a lot to…
