Fannie Mae has tightened their lending standards on investment properties | How will this effect you?
The Infinite Wealth Podcast
“Without pain you have no achievement” - Aaron Chapman Back by popular demand....we welcome Aaron Chapman back for the 3rd time. We brought Aaron back because of some potentially big changes in the mortgage industry. In Mid-March Fannie Mae announced they are tightening their lending standards on investment properties (and second homes). In today’s episode, we discuss why this happened and what kind of effect it will have on real estate investors. Be sure to tune in and find out how these changes may affect you....enjoy this episode. Resources: https://www.aaronbchapman.com/ http://qjoinitiative.com/ Operation Toussaint Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Be sure to check our on-line course at https://infinitewealthcourse.com/home
Episode 110: Fannie Mae’s 7% Rule: The What, Why and How
The Loan Officer Podcast
Homebuyers, realtors, builders, loan originators and every mortgage professional needs to know what’s going on in the mortgage industry. Fannie Mae recently capped the amount of loans they will purchase that are backed by seconds homes (vacation homes) and rental properties (investment homes). Additionally, but for some reason not being talked about, Fannie Mae is also making it more difficult to qualify for a home loan if you have below 680 FICO, above 45 DTI or over 90 LTV. Make time for this very important episode. Shoutout to the Mortgage Bankers Association, NAMB, Dave Stevens, Rob Chrisman, Urban Institute and HousingWire. ___________ WATCH us on YouTube! LIKE us on Facebook! FOLLOW us on Instagram! CONNECT with us on LinkedIn! __________ @TheLoanOfficerPodcast
Resilience and Leadership with Fannie Mae Chief of Staff Eric Bellamy
The High Performance Zone
Guest: Eric Bellamy Show live-with: “The will to win is not nearly important as the will to prepare to win.” Bio: Eric Bellamy is Fannie Mae’s Enterprise Risk – Chief of Staff and Director. As the Chief of Staff, Mr. Bellamy plans and organizes all administrative, financial and operational activities for the Chief Risk Officer. He also organizes and prioritizes critical issues and requires information to facilitate efficient decision making to ensure the smooth operation of Enterprise Risk. Mr. Bellamy brings over 25 years of financial services experience in the areas of technology, risk management and operations. He started as an intern in May of 1992 and has spent time in most divisions within the Enterprise. He is a native of Washington, DCTopics covered in this episode:Keeping people in their homes during a pandemicTaking care of your people as a leaderPublic/private partnerships with the Obama administrationBeing cast on a reality TV showLiving on Capitol Hill on Jan. 6thGrowing up in 1980s Washington DC`Please follow us on- Twitter - @JohnFoleyInc - https://bit.ly/2FRF3G9 Instagram @gladtobehere - https://bit.ly/2FRXo6a Facebook - @johnfoleyinc - https://bit.ly/33OBtVx Linkedin @johnfoleyinc - https://bit.ly/33QtCGT Youtube - @JohnFoleyInc.- https://bit.ly/33NDpNZ The Glad To Be Here Foundation - http://www.gladtobeherefoundation.org Johnfoley Inc website - https://johnfoleyinc.com
The cast hold nothing back as they discuss what millennials need from the church. The cast also interview the hottest DJ from the Southeast."DJ Fannie Mae". DJ Fannie Mae discuss how she created the world's first Trap Choir "Sainted" and also her clothing line "Church Kid".
Fannie Mae eMortgage Customer Experience - Thrive Mortgage
In part 2 of TMC's eMortgage Podcast series, we showcased a lender success story with onboarding and getting approved to deliver eMortgages to Fannie Mae, featuring Michael Jones, CFO with Thrive Mortgage. The goal being to provide TMC lender members with relatable experiences to encourage adoption and advice on how to implement eMortgage.
To help support our members seeking resources on creating a fully “e” experience, TMC presents the first of a three-part podcast series on eMortgages.For Part 1: Digital Mortgage FAQs, we brought in Michael Cafferky, Senior Product Manager – eMortgages from Fannie Mae to answer some of the most common questions lenders have for positioning themselves to drive an eMortgage experience.
265: Former Senior VP of Community Lending at Fannie Mae & National Low Income Housing Coalition NLIHC Barry Zigas
The Commercial Investing Show
Jason Hartman talks with Barry Zigas, Senior Fellow at Consumer Federation of America. Barry shares a brief, descriptive history lesson on how Fannie Mae and Freddie Mac came to be. Barry and Jason discuss the low and middle-income housing crisis and what factors contribute to homeownership rates. Barry Zigas joins Jason Hartman to discuss student loans compared to home loans. Is this similar to a problem we’ve seen in the recent past? How does the shortage of affordable new homes drive inflation? Key Takeaways: [1:00] Fannie Mae and Freddie Mac were both created by acts of congress. [4:30] Is the Fannie Mae/Freddie Mac mission to increase homeownership? [6:20] Let’s talk about global home ownership comparisons. [11:00] What factors contribute to homeownership rates? [12:15] There’s still discrimination in the mortgage markets. [14:30] Redlining is a term defined as a percentage of non-white people living in a community. [16:45] How much of the community reinvestment act is to blame for the great recession? [21:00] Student loans compared to home loans, is this a perpetual problem? [24:00] There’s a tremendous shortage of affordable new homes to buy, which is part of what’s driving inflation. [27:20] San Francisco, what caused its high prices throughout history, and will that change from COVID-19? [34:00] COVID-19 has employment implications, which will translate to housing implications. Websites: zigasassociates.com consumerfed.org JasonHartman.com 1-800-HARTMAN
We sat down with Ben Navarro this week to discuss Fannie Mae's "Duty to Serve"initiative which is how Fannie Mae is fulfilling Congress's mandate for Fannie Mae toparticipate in helping three underserved markets.Supporting these three markets should help create the availability of moreaffordable housing without government subsidies. As you listen to the podcast, youcan learn how sustainable affordable housing availability can be affected by manythings, things as simple as standards written for lenders for particular loan types.Ben Navarro manages Fannie Mae's activities related to their single-familymanufactured housing "Duty to Serve" plan.Ben received his undergraduate degree from the University of Virginia and a Masterof Public Policy from Georgetown. He has been in the financial services industry since2006, working for various organizations including Capital One and the FDIC.Ben has been in his current role at Fannie Mae since 2018, working on things likethe launch of the MH Advantage loan product, and the modification of several ofFannie Mae's manufactured home (MH) policies along with the necessary research andoutreach about Fannie Mae’s programs for manufactured homes.Helpful Links:Find out more information about Fannie Mae's "Duty to Serve": https://www.fanniemae.com/about-us/what-we-do/homeownership/duty-serveFind out more information about Fannie Mae's appraisal guidelines for MH Advantage qualified homes here: https://singlefamily.fanniemae.com/originating-underwriting/appraisers/appraising-manufactured-homesFind more information about titling manufactured homes as "real property" here: https://singlefamily.fanniemae.com/originating-underwriting/titling-manufactured-homes-real-property
1572: Former Senior VP of Community Lending at Fannie Mae & National Low Income Housing Coalition NLIHC Barry Zigas
Creating Wealth Real Estate Investing with Jason Hartman
Jason Hartman speaks to fans of futurists, are predictions from The Fourth Coming coming to fruition? As a prelude to October 17th, the PandemicInvesting.com event, Jason shares the quick list of six tsunamis that are changing the housing market. Jason Hartman talks with Barry Zigas, Senior Fellow at Consumer Federation of America. Barry shares a brief, descriptive history lesson on how Fannie Mae and Freddie Mac came to be. Barry and Jason discuss the low and middle-income housing crisis and what factors contribute to homeownership rates. Key Takeaways: [3:45] The predictions from The Fourth Coming are coming true right now. [5:00] Jason shares the six tsunamis that are changing the housing market. [6:45] Rent is plunging in high-priced US cities and tech-hubs. [9:30] What’s a mega-wealth transfer? Barry Zigas [17:00] Fannie Mae and Freddie Mac were both created by acts of congress. [20:30] Is the Fannie Mae/Freddie Mac mission to increase homeownership? [22:20] Let’s talk about global home ownership comparisons. [27:00] What factors contribute to homeownership rates? [28:15] There’s still discrimination in the mortgage markets. [30:30] Redlining is a term defined as a percentage of non-white people living in a community. [32:45] How much of the community reinvestment act is to blame for the great recession? Websites: zigasassociates.com consumerfed.org PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN