• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

FHA Looks to Shore Up Finances with New MIP Changes

Federal Housing Administration Commissioner Carol Galante has just announced several significant changes to FHA requirements, processes, and fees in an ongoing effort by the agency to shore up its Mutual Mortgage Insurance Fund (MMI Fund.)  The first change – the consolidation of FHA‘s Standard Fixed-Rate Home Equity Conversion Mortgage (HECM) with its Saver Fixed Rate HECM – was officially announced today.  HECM is commonly referred to as a reverse mortgage

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New York Fed for the breakdown in purchases of Mortgage Backed Securities – Agency MBS

Agency MBS Transaction Summary  agency MBS On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency MBS at a pace of $40 billion per month. The FOMC also directed the Desk to maintain its existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS

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160 agencies offer housing assistance; industry mergers continue; joke/explanation of derivatives

160 agencies offer housing assistance; industry mergers continue; joke/explanation of derivatives   If you think that there is overlap and excess between Freddie Mac and Fannie Mae, you ain’t seen nothin’! The Government Accountability Office (GAO) has completed a study on the number of agencies offering housing assistance: 160! “The federal government plays a major role in providing housing assistance to home buyers and renters and to state and local governments.  It

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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