Crunching the numbers on competing purchase offers

Sellers are inclined to go with the highest-priced offer when they receive more than one. But, price is only one factor to consider. An offer with a lower purchase price but a large down payment and a quicker close could be best. The terms of a purchase offer can make or break a deal, particularly …

Continue reading ‘Crunching the numbers on competing purchase offers’ »

Fannie Mae’s CEO Lauds ‘New Realism’ of Better Underwriting

Fannie Mae is building the “strongest book of business we’ve seen in the last decade,” the GSE’s president and CEO, Michael Williams, proclaimed to a group of industry professionals this week. While tighter underwriting standards may mean fewer consumers are able to get loans and banks are holding credit close to their chests, Williams says …

Continue reading ‘Fannie Mae’s CEO Lauds ‘New Realism’ of Better Underwriting’ »