Mortgage Update

By
Mortgage and Lending - LX Financial LLC
Mortgage Update - Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.

ARCHIVED BLOG POSTS

2009 

The Fed is now buying up to 80% of ALL mortgage backed securities.   The Fed started buying billions of MBS in January to support the housing market, and says it will phase out the program over the next 6 months. This could lead to drastic rate increases. Read more. ///  Lenders are upping Fico s...
09/26/2009
The industry standard for FHA loans remains at 620 - for now.  It appeared for a little while the standard would be raised to 640, 660 even. (Regardless, I do have FHA and other solutions for scores as low as 500). /// You can still count on FHA standards increasing however. /// 203(k) loans rema...
09/20/2009
Rainmaker
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Paul Luykx

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