Category Archives: Federal National Mortgage Association

What Does 25 Percent PMI Coverage Actually Mean

Question?   What does 25 percent PMI coverage actually mean Answer:  25 percent coverage actually means that the MI company will pay out 25 percent of the loan amount and total expenses to the lender when a property goes into foreclosure … Continue reading

Posted in Fannie Mae, Federal National Mortgage Association, Freddie Mac, home loan, mortgage, pmi | 1 Comment

The Importance of Home Inspection

  There are several reasons to inspect a home before purchasing. Safety -A home inspection can protect you, the buyer, from any safety issues like carbon monoxide, radon and mold, which is quite common in foreclosed and short sale properties. … Continue reading

Posted in buyer, Federal National Mortgage Association, home inspection, home loan, homebuyer, inspector, real estate, seller | Comments Off on The Importance of Home Inspection

Should Banks Maintain Foreclosed Homes?

See our own Neena Vlamis interviewed on Fox News speaking to this hot topic. Should Banks Maintain Foreclosed Homes?: Illinois Residential Mortgage Licensee #MB.0006638 FL#MLD288 IN#11122 IA#2006-0064 MA#MC5413 MI#FL0012625 WI #19291BA NMLS# 19291\nCopyright 2011 All rights Reserved. Privacy … Continue reading

Posted in abandoned homes, banks, Chicago, Federal National Mortgage Association, foreclosure, fox news, housing | Comments Off on Should Banks Maintain Foreclosed Homes?