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Fannie and Freddie to Expand Refinance Options and Lower Fees!
Fannie Mae and Freddie Mac are expanding the DU Refi Plus Program and LP Open Access Program to help more homeowners with Fannie and Freddie loans to refinance. Soon to be no limits to loan to value ratio! Also, fees should be reduced.
From a local politics perspective, this month I was honored to be selected as a Board Member of the Beverly Hills Greater Los Angeles Local Candidates Recommendation Committee, which sponsors local candidates for office. This position will enable me to have an impact on selecting candidates for office who are sensitive to real estate related issues and who demonstrate a commitment to social responsibility in the real estate field.
And remember my update from last week that Senator Johnny Isakson and Representative Tom Graves, both from Georgia, have introduced a bill that would “allow owners to pull out up to $50,000. . . to pay down delinquent mortgages,” reports Kenneth V. Harney in his Los Angeles Times article, “Bill Would Remove Penalty for Tapping 401(k) to Avoid Foreclosure.”