Fannie Mae and Freddie Mac Set to Ease Lending
 
In recent weeks we’ve seen home sales jump, foreclosure starts drop  and most recently mortgage rates have hit a yearly low. It would seem  that things are beginning to look a little brighter for markets across  California, but the good news doesn’t end there. Fannie Mae and Freddie  Mac have recently reached a deal to ease lending restrictions, a major  victory for those impacted by the ongoing affordability crisis and a  step towards a healthier market in 2015.   Recently, mortgage giants Fannie Mae and Freddie Mac came to an  agreement with the FHFA aimed to loosen the lending standards that have  pushed many would-be homebuyers off the market. Soon, those who have a  less than perfect credit should find it easier to qualify for a loan,  and mortgages should become more affordable for the masses.    According to the new policy, it will be up to the financing firms to  establish when banks are required to repurchase loans. Furthermore, the  change in policy will reduce the minimum do...
 
 
 
 
