Eligible borrowers could save hundreds and see closing times slashed
Freddie Mac expects $172 billion less in mortgage originations if the current pace of cash sales continues
Building business relationships is not just about sweat equity. Working hard at building solid business relationships is a prerequisite for success, to be sure, but it doesn’t guarantee that you’re landing your deal. You must recognize the variety of financing options a business may benefit from as the market fluctuates and the needs of businesses change.
Try to imagine a real estate market without real estate brokerages or an MLS. It would be like the Wild West all over again with no restrictions, no law, and no way to determine what your real estate is really worth. Welcome to the real estate market in Cuba.
To prevent the subterfuge and unrestrained greed that ruled the secondary mortgage market in the days before the credit crunch and the housing market crash, the United States Federal Housing Finance Agency (FHFA) is working on a new, transparent system that will consolidate all mortgage-backed securities into a single platform that will include Fannie Mae and Freddie Mac.