Welcome to Home Loans Guide
Fannie Mae Home Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Online Companies Offer Numerous Types of Home Loans for Bad Credit
from:It is now easy for people with bad credit to get home loans. This is because the latest news and legislations that have been passed make things lenient on people suffering from a bad credit history.
And as lenders are now facing lots of competition amongst themselves for providing home loans for bad credit, people with poor credit history can easily buy homes for themselves.
Home loans for bad credit are found either as unsecured or secured loans. To the lender, these people with bad credit can be people who had made late credit card payments, have gone through bankruptcy, had defaulted on past loans or perhaps have some other negative listings on their credit report.
Secured Loans Offer Lower Rates of Interest
If you opt for secured home loans for bad credit, you will have to place an asset as security for the loan. This asset can be your home, car, account, etc. This is the best loan if you have to borrow a large amount of money and find it difficult to borrow from a traditional bank or lender. The other benefit of this secured loan is that it is usually available for a longer term, and offers you a lower rate of interest on the loan.
The second type of home loans for bad credit is the unsecured loans where there is no property to be placed as security for the loan. While you need not place any security for the loan, this loan is much more difficult to get, and it is not available for large amounts of money and comes with higher interest rates.
Online Loan Companies have Lower Overheads
The reason many online mortgage companies find it possible to offer home loans for bad credit today is because with an internet presence, they have a low overhead to run their business.
There is no need for them to spend money for paying the employees, maintaining large offices and buildings and other factors that the traditional banks have to face. With lower expenses, these companies can offer these loans when other banks cannot.
The other tactic online loan companies are using to win in the finance market is to help people who have been ignored by traditional banks. And by keeping this in mind, it is these companies that offer varied home loans for bad credit to help those with a history of bad credit who are ignored by the more traditional banks. With these home loans for bad credit, these companies not only help these people get a home, but also help them to improve their credit rating.
Fannie Mae Home Loans Specific links
Fannie Mae Home Loans News
Pollster: Fannie, Freddie 'the Kardashians' of housing crisis - Washington Examiner
 Retirement Planning | Pollster: Fannie, Freddie 'the Kardashians' of housing crisis Washington Examiner (Photo by Kevin Winter/Getty Images) Some 10 percent of likely registered voters say they are underwater on their mortgage, deeply dislike loan giants Fannie Mae and Freddie Mac, and want the federal government out of the home loan business, ... BofA Will Buy Back $330 Million of Mortgages From Freddie Buybacks Wearing on Industry; Fannie, Freddie and Wall Street;... |
Fannie Mae had seen benefits to lowering some home loans, documents indicate - Washington Post
 Christian Science Monitor | Fannie Mae had seen benefits to lowering some home loans, documents indicate Washington Post Officials at government-backed mortgage giant Fannie Mae concluded years ago that the company could “reduce its losses substantially” by lowering loan amounts for some troubled borrowers, according to internal documents cited Tuesday by the top ... Forgiving mortgage loans would save taxpayers money, say Fannie Mae papers International City Mortgage Announces New Fannie Mae Direct Product Calls for mortgage assistance get louder in Washington |
Stearns Lending Names Gary B. Fabian as Chief Financial Officer - MarketWatch (press release)
Stearns Lending Names Gary B. Fabian as Chief Financial Officer MarketWatch (press release) Mr. Fabian most recently served as Vice President -- Production Finance of MetLife Home Loans, the residential mortgage division of MetLife Bank, NA For over 18 years, Mr. Fabian has held several senior financial executive roles for mortgage banking ... |
Fannie Mae posts profit, abstains from new US aid - Reuters
 Bloomberg | Fannie Mae posts profit, abstains from new US aid Reuters The two government-run companies, felled by poor underwriting of sub-prime loans, now support about 60 percent of all new US home loans and have been propped up by about $151 billion in taxpayer funds. Fannie Mae's recent profit compared with a net ... Fannie Mae Won't Seek Aid After Posting $2.7 Billion Profit Freddie Mac, Fannie Mae borrowers could see principal reduction FHA New Foreclosures Jump as Modified Loans Default: Mortgages |
Housing Bottom? Fannie Mae Won't Seek Tax Dollars - BusinessWeek
 Bloomberg | Housing Bottom? Fannie Mae Won't Seek Tax Dollars BusinessWeek Fannie Mae, the biggest backer of US home loans, used to brag that it would be safe from even a severe downturn in the housing market. That turned out to be tragically incorrect. It has drawn $117 billion in aid since being seized by federal regulators ... Fannie Mae posts profit, abstains from new US aid Fannie Mae Won't Seek Aid After Posting $2.7 Billion Profit Fannie Mae Posts Profit; Seeks No Aid |