I am a Certified Mortgage Planner and Wealth Creation Specialist at Four Legacies Mortgage in Iowa. We are Iowa's FIRST socially responsible mortgage company. Read More
Fannie and Freddie, Seized.
It’s official. Fannie Mae and Freddie Mac are now under control by the US Government. Formally a individually operated (but government sponsored) Fannie and Freddie got a little over their heads. After showing enormous losses and unable to raise enough capital to keep their heads above water, the tax payers are going […]
Re-Pricing of Risk…Again
Often when a lender feels like they’re taking on more risk than they Fannie Mae and Freddie Mac are going to be adding ‘adverse market fees’ to thier mortgages. This isn’t the first time we’ve seen this happen. Back in March of this year, Fannie Mae added a .25% ‘adverse market fee’ to […]
