Mortgage Standards Set to Loosen

Mortgage Standards Set to Loosen

In what could potentially be a major catalyst for the housing market, new guidelines – meant to provide greater clarity as to when Fannie Mae and Freddie Mac can force buybacks of mortgages sold to them by lenders – are set to take effect December 1st. It is anticipated that the new guidelines will have the effect of extending the availability of mortgage financing to some consumers with credit scores that have kept them out of the market over the past few years as well as streamlining the mortgage application process.

Read More

Previous Shopoff Bolsters Land Acquisition Staff
Next Slowing Home Price Appreciation

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Housing Market

New Home Sales and Prices Rise in April

New home sales rose more than expected in April to a seasonally adjusted annual rate of 517,000 units, a 6.8% improvement over the March number of 484,000 units and above

Housing Market

Los Angeles Housing Market Continues to Show Strength

Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median

Housing Market

Slowing Home Price Appreciation

No real surprise here – after a sharp bounce back off the bottom, particularly in core markets, home prices appear to be leveling off. Overall, this is probably not bad