Mortgages, loans, financial matters

The second mortgage market has been an increasingly active industry during the past two decades, especially as homeowners discover their uses and cost-effectiveness. Fannie Mae and Freddie Mac normally do not purchase home equity loans and home equity lines of credit. In fact, credit lines are usually either portfolio, with the originating lender keeping the [...]

The American free market economy is vibrant, dynamic and always looking for additional, more profitable business opportunities. The non-conforming is one such market for financial investors and lenders. Fannie Mae, Freddie Mac and Ginnie Mae only serve A-credit borrowers, who meet those agencies’ strict guidelines regarding income, employment, assets, property, etc. For a long period, [...]