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ARCHIVED BLOG POSTS
Introducing Prospect Mortgage's newest REO program, HomePath® Mortgage. Fannie Mae is now rolling out their new HomePath® program specifically for Fannie Mae REO properties. Prospect Mortgage is pleased to be one of only a handful of lenders nationwide selected to participate in this special fin...
Fannie Mae is making a number of guidelines pertaining to condos. Below is a summary of recent implementations: Interest Rate Adjustment Effective immediately, Fannie Mae has implemented a .75% pricing adjustment for all loans >75% LTV secured by a condominium. This .75% adjustment can be paid ...