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Posts Tagged ‘fannie mae’

Fannie and Freddie say we can skip appraisals!

As long as the loan to value ratio is low enough, Fannie and Freddie are Ok with skipping appraisals.

appraisals

These guys are going to be the death of us.

So in todays show we are going to take a look at this interesting decision from Fannie and Freddie regarding home appraisals. It is always good to ask some fundamental questions with things like this. Things like “What problem does this solve?” or maybe “Does this introduce more risk than it does reward?”. We will run through the process and you can decide for yourself whether or not this seems like a smart play.

Todays Links:

  • https://www.housingwire.com/articles/41061-fannie-mae-joins-freddie-in-allowing-appraisal-free-purchase-mortgages
  • http://realtormag.realtor.org/daily-news/2017/08/21/new-program-help-buyers-bypass-appraisals

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Freddie Mac and the 1% loan

Freddie Mac is changing its policy on 1% loans

freddie mac

These guys are going to be the death of us.

Finally a small, but appreciated, move toward sanity in the lending world. We will cover the policy change being made by the folks at Freddie Mac.

Fannie Mae is moving forward with the increase in the required debt to loan ratio. We will talk about how that will impact the real estate market.

Finally, a few words about unemployment and the challenges it faces and how that directly effects the world of real estate.

Todays Links:

HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled “Take the survey to support the show“. Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card!

Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word ‘rebelbroker’ to 44222 – or click the button below. When prompted, text your email address and you are in!

JOIN THE REBEL UNDERGROUND!


SPONSOR

Audible.com – Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening!

SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK AND 30 DAY TRIAL!

Real Estate Rental Bubble?!?!

Some interesting numbers on rental returns in 2016

real estate rentalLots of interesting information in todays show regarding real estate rental. The numbers are in for rental home returns for properties purchased in 2016. It paints a picture of a slowing rental market for investors and real estate entrepreneurs. Could this be the beginning of a rental bubble?

rental bubble
Fannie Mae has adjusted their expected growth for the last half of 2016 downward – not a good sign.

Plus, and kind of at odds with our other news, the number of all cash purchases jumped after years of this number declining. I have what I think is a pretty interesting explanation for this that could give us insights into what to expect in 2017 from not only the real estate market, but from the economy in general.

Please help the show by filling out the audience demographic survey by clicking the button at the top of the page titled “Take the survey to support the show”. Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card!

Interested in getting free content, advanced notice of upcoming events and content? Then simply text the word ‘rebelbroker’ to 44222. When prompted, text your email address and you are in!

Blast From A Past Show On This Subject!

Top 20 Investment Cities According To Forbes

Today we will run down the Forbes list of the best 20 cities to invest in real estate. Forbes comes at this question from an interesting direction and offers some interesting suggestions that we will explore. Also, the show is now available on iHeartRadio! If you you are a fan of …

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Alternative Credit Scores – That Ignore Credit

Measuring credit by not measuring it

Just when we thought the crazy train could not pick up any more speed – Congress starts pushing the idea that Fannie and Freddie should change the model they use to evaluate the credit worthiness of borrowers.

Of course, when you read what you want to do, you realize that they want to de-emphasize actual credit issues and focus on payment history. There is an important difference since what they suggest is basing credit scores and lending decisions on whether or not you pay your power bill on time… or your rent. Ideas that to my mind, really tell you nothing about whether or not that person is a good credit risk.

We will also talk about the latest building numbers – which are not horribly encouraging.

This weeks poll!

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Bad Explanations For The Inventory Problem

PLUS: Las Vegas Just Had Some Interesting Numbers

These guys are going to be the death of us.

These guys are going to be the death of us.

As often happens, there are different pundits out there that like to explain our current situation in ways that make it sound us unoffensive as possible. What is even more interesting is when start to get the feeling you have discovered some of the real reasons why these pundits seem so hot to make the same mistakes again.

Today, we have some interesting info that is going to start to make it clear why some are so hot to bring Fannie and Freddie back to life! Luckily, there are some other voices out there that are seeing it he same way we are and are calling for those in charge to let Fannie and Freddie die.

We have also seen some interesting numbers out of Las Vegas that are encouraging, particularly if you recall the migration numbers we were talking about a few shows ago. Las Vegas might just become a great place to get a deal on an income property!

This weeks poll!

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