By Rob Chrisman
Posted To: Pipeline Press
No one wants to see their companies and future employment batted around in the press, but perhaps our brethren and Freddie and Fannie are accustomed to it by now. Michael Stegman, the Treasury Department’s top housing policy official, said the responsibility lies with Congress to end government conservatorship of Fannie Mae and Freddie Mac . “The only way to responsibly end the conservatorship is through legislation,” Stegman said. Please note the article discusses “conservatorship” and not “eliminating”! And both announced their 97% LTV programs – see below. For folks who like keeping up on mortgage rules, or at least have to in order to earn a paycheck, The Collingwood Group released its “Mortgage Outlook Report” showing that mortgage and housing industry professionals are hopeful but cautious…(read more)
Via:: What 97% LTV Means for LOs and Lenders; Training Events; Eminent Domain in San Francisco?
