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  2. How much money do you need to buy a house? 6 costs to ... - AOL

    www.aol.com/finance/much-money-buy-house-6...

    Following the 28/36 rule, look for a home and a mortgage that will ensure your monthly payments don’t exceed 28 percent of your monthly income. (With a $100K annual salary, that will be about ...

  3. Fannie Mae’s list of excluded condos demands changes and ...

    www.aol.com/fannie-mae-list-excluded-condos...

    Ironically, the so-called “unavailable list” of properties that do not qualify for Fannie Mae is unavailable for public inspection. As a result, owners, buyers, sellers, associations, mortgage ...

  4. Uniform Residential Appraisal Report - Wikipedia

    en.wikipedia.org/wiki/Uniform_Residential...

    The most current incarnation of the URAR is the Fannie Mae Form 1004 [1] updated for March 2005. It is considered a full appraisal with all three approaches to value, cost approach, sales comparison approach, and income approach. [2]

  5. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    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.

  6. Causes of the 2000s United States housing bubble - Wikipedia

    en.wikipedia.org/wiki/Causes_of_the_2000s_United...

    For example, the monthly cost of a $250,000 home at 6% interest fixed over 30 years, with 1% property taxes, 0.75% maintenance costs, and a 30% federal income tax rate is approximately $1361 per month.

  7. 'Imagine buying a $100K property with only $5K': Government ...

    www.aol.com/finance/imagine-buying-100k-property...

    In late November, Fannie Mae — the government-sponsored enterprise (GSE) focused on improving home affordability — slashed its down payment requirements for owner-occupied, multi-family (2-4 ...

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