Mortgage Issues

Should the U.S. Government Be Involved in the Mortgage Market?

By Michael Zimmerman | Published: January 25, 2012

I recently read an article titled “Fannie and Freddie must go – here’s how”.  The authors are Richard Kovacevich, retired Chairman & CEO of Wells Fargo and William Isaac, Global Head of Financial Institutions at FTI Consulting and former Chairman of the FDIC.  Below are the main points of the article.  Read them and you … Continue reading Should the U.S. Government Be Involved in the Mortgage Market?

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Kakaako Condo Mortgage News

By Michael Zimmerman | Published: September 21, 2011

1.  Bank of Hawaii will now finance Ko’olani using conforming (Fannie Mae) rates vice of portfolio loan rates.  This lowers the rate by 0.5%. 2.  Central Pacific HomeLoans is able to provide mortgage loans for Moana Pacific apartments, despite the ongoing developer vs. Association of Apartment Owners litigation. 3.  A little late, but better than never; Bank of … Continue reading Kakaako Condo Mortgage News

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Government Shutdown and the Impact on Mortgages

By Michael Zimmerman | Published: July 20, 2011

I recently read an article detailing how the mortgage industry may be affected by a Government shutdown.  The article listed the following areas that may be impacted: 1.  FHA loans requires an FHA case number and this number is needed before an appraisal can be ordered.  Since appraisals cannot be ordered, FHA loans may be delayed during a shutdown.  VA loans would … Continue reading Government Shutdown and the Impact on Mortgages

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Mortgage Trends in 2011

By Michael Zimmerman | Published: January 22, 2011

I read an article written for Investorpedia in early January.  Here are the highlights: 1.  The Mortgage Bankers Association (MBA) anticipates rates will rise slightly in 2011, hovering around 5% and increasing to 6% in 2012.  At the end of 2010, mortgage rates left the low 4% range and began to approach 5%.  Any increase in … Continue reading Mortgage Trends in 2011

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FNMA Own – Rent Analysis

By Michael Zimmerman | Published: January 7, 2011

Fannie Mae recently published the key findings of its 2010 Own-Rent Analysis. Some high points: Fifty-one percent of those surveyed reported the housing crisis has not affected their overall willingness to buy a home The housing crisis has had the greatest impact on younger Americans.  Since the housing crisis, homeownership for those 25 to 29 … Continue reading FNMA Own – Rent Analysis

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