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If you're considering refinancing your government-backed or conventional mortgage, a government-backed refinance could be a good choice. These loans, guaranteed by agencies like the FHA, VA and ...
Lender. Min. credit score. Details. Bank of America. Not disclosed, but 700 for most Bank of America business loans. Loan amounts from $25,000. Terms up to 5 years
An equipment loan is a special type of term loan designed specifically for buying equipment and machinery, such as a semi-truck. Equipment loans use the equipment you buy as collateral to secure ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
Down payment. When you get a loan to buy a semi truck, many lenders require a down payment of 10 percent to 20 percent. This is an amount that you pay upfront when buying a truck.
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In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...
An FNMA loan, aka a conforming loan or Fannie Mae-backed mortgage, is a loan or mortgage that has been sold to the Federal National Mortgage Association (FNMA, or Fannie Mae) — or one that meets ...