mortgages

40 Year and Interest Only Mortgages Going Away

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Government sponsored/owned entities Fannie Mae and Freddie Mac have announced that they will no longer be purchasing certain mortgages as directed by their regulator and in compliance with the Consumer Financial Protection Bureau’s (CFPB) qualified mortgage (QM) and Ability-to-Repay (ATR) requirements. This is effective from Jan 10, 2014 and covers the following types of mortgages: […]

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Making Money Investing in Mortgages

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Income from mutual funds and stocks that invest in real estate backed mortgages has never been higher. With returns of 8-15% these alternative investments – when used appropriately – can substantially increase portfolio income and growth. Much of the success of these funds is due to the difficulty that Americans are having refinancing, despite low […]

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