Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1, that will allow short sales for underwater borrowers who have never missed a mortgage payment. Previously, Fannie and Freddie allowed only home owners who had missed payments to qualify for a short sale.
The FBI has issued a warning about recent malware attacks that are targeting the operating systems on Android smartphones.
The Federal Housing Finance Agency (FHFA) announced that mortgage giants Fannie Mae and Freddie Mac will increase — by an average of 10 basis points — the fees they charge lenders to guarantee loans.
Had the wonderful honor of hearing Captain Sully speak. So inspiring!
In less than four minutes on a chilly January afternoon back in 2009, U.S. Airways Capt. Chesley “Sully” Sullenberger made a series of focused, yet impossibly calm decisions that saved the lives of 155 people. “I had to set priorities. And thanks to a lifetime of training, I was able to synthesize what I knew to solve a problem I had never seen before.”
The Federal Housing Finance Agency announced Tuesday that it is issuing new guidelines that set out to more quickly qualify borrowers and speed up the short-sale process.