Tag: Freddie Mac

Jumbo mortgage loans are back on the table – The Santa Fe New Mexican: Home/Real Estate


Jumbo mortgage loans are back on the table – The Santa Fe New Mexican: Home/Real Estate.

via Jumbo mortgage loans are back on the table – The Santa Fe New Mexican: Home/Real Estate.

Louisville Kentucky Primary Mortgage Market Survey Results from Freddie Mac


Louisville Kentucky Primary Mortgage Market Survey Results

September 15, 2011

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.09 4.11 4.16 4.12 4.13 4.01
Fees & Points 0.7 0.6 0.8 0.6 0.8 0.9
15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.30 3.32 3.31 3.29 3.37 3.25
Fees & Points 0.6 0.7 0.8 0.4 0.7 0.6
5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.99 3.03 2.95 3.13 2.96 2.90
Fees & Points 0.6 0.6 0.6 0.4 0.8 0.6
Margin 2.74 2.75 2.75 2.72 2.76 2.73
1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.85 2.72 3.13 2.70 2.68
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.80 2.75 2.72 2.77 2.75
The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.37   3.82   3.55   3.40   4.12   3.33   2.96   2.84  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.74   2.77   N/A N/A 2.74   2.76  

Louisville Kentucky Mortgage Market Survey

Freddie Mac’s Primary Mortgage Market Survey (PMMS) is for informational purposes only and Freddie Mac is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available from any lender. Freddie Mac may change the methodology used to conduct the PMMS at any time and without notice.

Kentucky Fannie Mae and Freddie Mac First Time Home Buyer Education Requirements


 Kentucky Fannie Mae and Freddie Mac First Time Home Buyer Education Requirements

 Kentucky Fannie Mae and Freddie Mac Home Possible Education Requirements

Home Possible

® Mortgages Homeownership Education Requirements

Home Possible homeownership education requirements, including:

 • AIG United Guaranty’s

The Road to Home Ownership® at https://www.ugcorp.com/rtho.html

Genworth Financial’s homebuyer education series at http://mortgageinsurance.genworth.com/EmergingMarkets/HomebuyerEducation.aspx

 • MGIC’s Buyers Ed program at http://www.mgic.com/education/buyersed.html

 • PMI’s homebuyer education at

http://www.pmi-us.com/expanding_markets/homebuyered.html

• RMIC’s pre-homeownership education course at http://www.rmic.com/productsandservices/prehomeownershiped/borrowereducation/Pages/default.aspx

 Homeownership Education Providers

 Many affiliates/members of national organizations provide homeownership education and counseling:

 

• NeighborWorks® America at

www.nw.org

• Housing Partnership Network at www.housingpartnership.net

 • National Council of La Raza at www.nclr.org

 • National Urban League at www.nul.org

 • Local Initiatives Support Corporation’s (LISC) at www.liscnet.org

 • The Enterprise Foundation at

www.enterprisefoundation.org

• National Coalition for Asian Pacific American Community Development at

www.nationalcapacd.org

 

Other Helpful Resources

 The Department of Housing and Urban Development (HUD) lists non-profit organizations with HUD-approved counselors at http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?weblistaction=summary. We recommend that this HUD designation be considered along with other factors when deciding if a specific homeownership education program is sufficient

 Guidance on Additional Sources for Homeownership Education

 We recommend utilizing a comprehensive curriculum containing the minimum core content specified by the National Industry Standards for Homeownership Education and Counseling (www.homeownershipstandards.com). Those topics include:

 

• Assessing Readiness to Buy a Home

• Budgeting and Credit

• Financing a Home

• Selecting a Home

• Maintaining a Home and Finances

• Budgeting for Homeownership

• Sustaining Homeownership and Avoiding Delinquency

 

Freddie Mac’s CreditSmart Resources

 Several CreditSmart (www.freddiemac.com/creditsmart) modules can be combined and deployed as live, instructor-led sessions by your organization, provided the following modules are included: