Apply Online
Schedule a Call

Uncategorized

Deadly Tornadoes Strike Kentucky, Leaving Widespread Damage

Fannie expands ARM and renovation lending

Uncategorized /

Contractors repair the roof of a damaged home following a tornado in Earlington, Kentucky. Photographer:Luke Sharrett/Bloomberg Fannie Mae is broadening the parameters of its financing for adjustable-rate mortgage, renovation, manufactured housing and accessory dwelling units. Processing Content Fannie will no longer reject adjustable-rate mortgages in cases where the difference between the initial and fully-indexed rate of […]

Fannie expands ARM and renovation lending Read More »

Home flipping profits shrink to their slimmest since 2008

Uncategorized /

Real estate flips produced their smallest profit margins in well over a decade during the third quarter as rising home prices require a change in strategy for investor businesses, according to a report from Attom.  Processing Content Real estate investors flipped a total of 72,217 properties between July and September this year. The number finished

Home flipping profits shrink to their slimmest since 2008 Read More »

Mortgage rates higher after FOMC rate cut priced in

Uncategorized /

The mortgage industry is still weighing the impact of the latest Federal Open Market Committee short-term rate reduction on housing. Processing Content But reflecting trends prior to the meeting in the benchmark 10-year Treasury used to price mortgages, the 30-year fixed rate gained 3 basis points, while the 15-year climbed 10 basis points, the Freddie

Mortgage rates higher after FOMC rate cut priced in Read More »