Money, Fiance News, Press Release Distribution
Financial News and Press Release Distribution Services

Submit RSS Feed | About US | Contact Us





Home | Personal Finance News | Submit Press Release
Unlimited Press Release Distribution
Press release distribution service

Money News Media
Bankrate
CNBC
CNNMoney
Finacial Times
FOX Business
Moneynews


Money News Now


USNews
Reuters Money
RSS News Feed
Get your news feed listed here as other news media shown above! Submit RSS News Feed

Personal Finance News Releases

2014 Mortgage Rate Adjustment News All Over the Map

 

 

 


(MoneyNewsWire.Net, January 15, 2014 ) San Diego, CA – San Diego mortgage news outlets have been reporting on potential rate increases for Freddie Mac and Fannie Mae for 2014 that could hit home owners in a big way come April 1, 2014, but there could be delays due to a leadership change for the Federal Housing Finance Agency.



Shanne Sleder, a San Diego Lender, commented on the proposed changes,



“Increases in guarantee fees and up front risk-based delivery fees have people concerned about affordability, for sure. More than ever, people considering buying a home need to be financially prepared as well as ensure they look good on paper to potential lenders.”



Mr. Sleder is a mortgage broker specializing in programs that include San Diego jumbo loans, conforming loans, and HARP 2.0. He offers free consultations to help clients figure out what loan program is right for them. There are no up-front fees and he is only paid once the transaction closes.



New Director Puts Mortgage Fee Adjustment on Hold



Shortly after San Diego Mortgage News reported on the fee adjustments, word came out that because new leadership is scheduled to be sworn in at the Federal Housing Finance Agency on January 6, 2014 the rate adjustments will be temporarily put on hold while the new director, Mel Watt, reviews the changes. Mr. Watt was concerned that lenders would begin with adjustments early in preparation for paperwork that would be sent to Freddie Mac or Fannie Mae that might reach the April 1 date.



The mortgage industry has expressed concern about these changes and the fact that the costs would be passed onto borrowers. Mr. Sleder commented, “There’s a lot for new home buyers to consider from a financial perspective above and beyond their down payment and closing costs. While lenders want to mitigate risk, it’s wise for the new leadership to closely assess the true impact of significant price increases and how that could impact the already tough housing market.”



Learn more: San Diego Mortgage News: Update: Price Adjustments Affecting Rates in 2014 Could be Delayed!



To request a quote or find out about San Diego mortgage pre-approvals, check out http://www.sandiegomortgagenews.net/quickquote/.





About Shanne Sleder and San Diego Mortgage News



Shanne Sleder of San Diego Mortgage News and The Mortgage Planners works to help customers obtain San Diego home loans. Learn more at http://www.sandiegomortgagenews.net/ or check out the San Diego home buying 101 guide.



Contact Info:

Shanne Sleder, The Mortgage Planners

10636 Scripps Summit Court, Suite 130,

San Diego, California 92131

619-312-0612

http://www.sandiegomortgagenews.net/ or

http://www.camortgageplanners.com/



Shanne Sleder is on Facebook at http://www.facebook.com/pages/Shanne-Sleder-The-Mortgage-Planners/112043658873728.

The Mortgage Planners

Shanne Sleder

619-312-0612

shanne@camortgageplanners.com

Source: EmailWire.Com


Personal Finance News
  • Auto
  • CDs
  • College
  • Credit Cards
  • Insurance
  • Mortgage
  • Mutual Funds
  • Retirement
  • Savings
  • Taxes

  • Money RSS Marketpalce

    Free Finance Magazines Downloads
    Get free publications including magazines, white papers on finance, investments.
    Submit RSS news feed on Finance, Investment.
    Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily.



    Money NewsWire is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month or $999 per year, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2009 GroupWeb Media LLC

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    Money-NewsWire.Net - Newswire and Press Release service of GroupWeb Media LLC