Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program

If you need to refinance [an arm] and your loan is worth more than the current home value - this is Fannie's Fix:


<cite>Media: News Releases > Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program</cite>: "

News Release July 1, 2009 Fannie Mae Implementing New Loan-to-Value Ceiling for Home Affordable Refinance Program;Loans Eligible for Delivery September 1WASHINGTON, DC -- Fannie Mae (FNM/NYSE) announced today that the company is providing information to servicers regarding changes to the Home Affordable Refinance Program (HARP) that permits refinancing of existing Fannie Mae loans with loan-to-value (LTV) ratios up to 125 percent. The loans will be eligible for delivery on or after September 1, 2009.

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It's Official: If you've been waiting for the bottom...you missed it!

The numbers have been looking up for about the last 60-90 days: inventory is dropping off, sales volume is up and the closings are up.

Industry Barometer Shows Gains in Home Prices for Second Straight Month

Prices of single-family residential homes rose for the second consecutive month in June, Standard & Poor’s reported Tuesday. Quarter-over-quarter gains were also evident during the second quarter of the year, for the first time since 2006.

Yes the new lending guidelines are a hassle, no there's no 100% no doc loans but, the huge sucking sound that was our equity disappearing alongside 200+ banks and lending institutions, has eased.

The opportunity is there but you can't win if you don't enter the race.

market conditions, real estate, short sale, REO, cash flow, houses