Sacramento Association of REALTORS® Web Log » Fannie Mae

C.A.R. Monthly Message from President LeFrancis Arnold

LeFrancis Arnold — Tue, 20 Dec 2011 17:13:55 +0000

Dear Member,

I’m excited to begin my term as your 2012 President, but I first want to thank our outgoing C.A.R. President Beth L. Peerce for serving this organization so well over the past year. She helped keep you, the REALTOR®, at the center of the real estate transaction during this challenging time. Thank [...]

C.A.R. Monthly Message from President Beth L. Peerce – November 2011

Beth L. Peerce — Tue, 08 Nov 2011 17:59:59 +0000

Dear Member,

Last month I informed you that Congress failed to extend the Fannie Mae, Freddie Mac, and FHA conforming loan limits and allowed them to expire Sept. 30. Since then, the Senate passed an amendment to an appropriation bill that would restore the $729,750 loan limits through December 2013. The Senate and House [...]

C.A.R. Monthly Message from President Beth L. Peerce

Beth L. Peerce — Mon, 10 Oct 2011 15:00:58 +0000

October 10, 2011

Dear REALTORS®,

Important news on the housing policy front. Despite efforts by C.A.R. and NAR to fight for an extension of Fannie Mae, Freddie Mac, and FHA conforming loan limits, Congress failed to extend the $729,750 loan limits and allowed them to expire Sept. 30. This means the maximum loan amount [...]

President’s Perspective for June 2011

Doug Covill — Tue, 14 Jun 2011 21:00:45 +0000

We came back from the NAR Mid-Year meeting feeling a bit tossed around.

The housing market will not recover, and therefore the economy will not recover, until all creditworthy homebuyers can get a mortgage. For example, we don’t need to get rid of Fannie Mae and Freddie Mac. We need to go to this [...]

C.A.R. Monthly Message May 2011

Beth L. Peerce — Sat, 14 May 2011 01:00:42 +0000

Dear C.A.R. Member,

Greetings from Washington, D.C.! This week, your Leadership Team and I are in our nation’s capital, meeting with California’s congressional delegates and representatives from leading housing industry groups, including Fannie Mae and Freddie Mac, Federal Housing Finance Agency, and others.

This is a busy time of year in the legislative arena, [...]

C.A.R. Monthly Message March 2011

Beth L. Peerce — Tue, 08 Mar 2011 15:59:15 +0000

Dear REALTORS®,

Over the past few months, I’ve been sharing with you the many things that C.A.R. has been doing to address your concerns related to short sale transactions. We recently conducted a survey to obtain information about members’ experiences working with lenders in distressed transactions. The results of the Short Sale Lender Satisfaction [...]

Obama To Provide Path To Major Reform Of America’s Housing Market

Leon Williams — Fri, 11 Feb 2011 19:18:53 +0000

Did you hear? The Obama Administration just delivered a report to congress where it is outlining major reform to our housing market. What does this mean? According to Treasury Secretary Tim Geithner, they are laying out a plan for fundamental reform on a responsible timeline. The goal is to: 1. wind down the GSEs, [...]

2011 Starts off with a Bang

Scott Short — Thu, 10 Feb 2011 16:00:24 +0000

The only good thing about interest rates going up is the “fence sitting” buyers jump in to the market.

Normally December and January are relatively slow months, but not this time. We are experiencing a high volume of borrowers wanting to buy now. Some of the buyers trying to qualify for a home loan [...]

C.A.R. Monthly Message January 2011

Beth L. Peerce — Tue, 11 Jan 2011 16:36:33 +0000

Dear C.A.R. Member,

A new year, and with it, new beginnings and new opportunities. I’m looking forward to meeting the challenges that invariably present themselves as the new year gets underway.

One of the challenges I know many of you have been dealing with is working with short sale transactions, and I promised last [...]

Fannie Mae Announces Energy Improvement Loan Feature

Caylyn Brown — Mon, 20 Dec 2010 23:08:15 +0000

On December 1, 2010, Fannie Mae announced an update to its selling guide that provides a new option to fund energy-efficient home upgrades while maintaining Fannie Mae’s principles of borrower sustainability. All Fannie Mae loan products are permitted to include the energy improvement feature excluding certain refinance loans. Eligible borrowers will be allowed to [...]