All posts by Lakeside Title Company

homebuyers

Good News for Homebuyers! Fannie Mae Now Allowing Lenders to Contribute to Closing Costs

Fannie Mae has announced that, effective immediately, it is allowing lenders to assist homebuyers with their closing costs for home purchases on GSE-backed loans. This differs from Fannie’s most recent program, ended last summer, in which lenders were allowed to actually help homebuyers by providing a portion of their down …

Read More
mortgage lenders

Mortgage Lenders Remain Optimistic About Purchases, But Cautious About Profits this Quarter

Mortgage lenders are expecting increased demand for purchase loans this quarter, although they do not expect this to be a good quarter for profits, according to the most recent Mortgage Lender Sentiment Survey results released by Fannie Mae in December. In fact, mortgage lenders’ net-profit margin outlook has been negative …

Read More