In another win for lenders and borrowers, Fannie Mae recently updated the HomeStyle Renovation mortgage program by improving upfront disbursement flexibility, allowing lenders to release up to 50% of renovation funds at closing.
Tag: John McMullen
Fannie Mae’s Construction Lending Updates Signal Strategic Progress for Lenders and Borrowers
On Nov. 5, Fannie Mae announced long-awaited enhancements to its construction-to-permanent (C2P) loan policies, marking a significant win for lenders, borrowers and the broader housing market.
Leveraging the Home Equity Conversion Mortgage for Purchase Program in Today’s Market: A Strategic Business Move for IMBs
Imagine a widow wanting to relocate to a cozy, manageable home for her golden years. With today’s higher mortgage rates and the high cost of living, her dream can feel out of reach. But what if there was a way to make it easier?