Fannie Mae Rolls Out Refi Plus

Fannie Mae has finished developing Refi Plus, a portfolio retention tool that was introduced in July.
The program allows borrowers to lock in rates for refinancing existing Fannie Mae loans up to two years in advance of the prepayment-period end date, in conjunction with supplemental financing.
The company feels the time is perfect for such a product, [...]

REFINANCE REALITY: FULL DOC AND GREAT CREDIT

(From MiamiHerald.com)
BY TAMARA HOLMES
During the height of the real estate boom, it was not only possible to buy a home with little cash and less-than-ideal credit, but with soaring real estate prices, it was easy to refinance as well.As a result, many homeowners cashed in on lower interest rates and pulled equity out of their [...]

Mortgage Leads…Finger on the Trigger

Applying for a mortgage? Don’t be surprised if you get calls, e-mail or letters from competitors hoping to steal you away from the company you picked.
When your loan officer requests a copy of your credit report, the credit bureau can sell that information to firms looking for would-be borrowers. People in the biz call it [...]