Friday, October 23, 2015

Mortgage Update 10/23/15

Mortgage Update
imageBy Amy Cuculo

Fannie Mae and Freddie Mac have been in the headlines plenty this week as the MBA’s 102nd Annual Convention and Expo was underway in San Diego. Timothy Mayopoulos, president and CEO of Fannie and Donald Layton, CEO of Freddie, were vocal about the common mission of both agencies to reduce risk to taxpayers while expanding access to credit. This united front is likely in response to a recent push to release the government-sponsored enterprises from government conservatorship. Layton noted at the conference however that the GSEs are into their eighth year of conservatorship and that any moves by the White House to essentially redo the entire housing finance system as we know it is years away. Instead, the focus was on credit risk transfer.

Echoing those comments, Fannie Mae announced on Monday that come mid-2016 it is simplifying the lending process for both lenders and borrowers with a series of updates. One of the biggest changes is that Fannie will require lenders to use trended credit data when underwriting single-family borrowers. Fannie is working with Equifax and TransUnion to provide the data. This means that prospective homebuyers may no longer have to submit pay stubs when they apply for a mortgage. It also means consumers previously shut out of the housing market due to “thin credit” may now be able to get financing. Currently, credit reports only show the outstanding balance and if a borrower has been on time or delinquent on existing credit accounts. With trended credit data however, lenders can access the monthly payment amounts that a consumer has made on these accounts over time. For some consumers who do not have a large amount of available credit, but pay their balances every month, trended data may potentially provide a lender with a more complete picture of their credit behavior over time.

#mortgages #interestrates #mcallisterintlgroup

Information kindly provided by  Bryant Stuckey - Mortgage Loan Originator

Saturday, October 17, 2015


SUMMERFIELD GOLF CLUB OPEN HOUSE! Stop by Sunday October 18th from 1-4 to see this amazing home. Featuring a updated kitchen, lush landscaping and more all in a pet friendly community. No golf equity membership is required and Summerfield has some of the lowest HOA dues ($122/month) in the Treasure Coast. This is the best priced home in the entire community and will not last. Call Jennifer Ferrari at (772) 486-8378 for access information or clock the link below for more photos and details.

Monday, October 12, 2015

3129 SE Brierwood Place Stuart, FL 34997

NEW LISTING! This 3 Bed 2 Bath home has been exquisitely maintained and offers all the amenities of Summerfield Golf Club like Har-Tru tennis courts, clubhouse, community pool, exercise room and more There is no equity membership requirement for the golf club and the HOA fees are very low. This pet friendly community is highly desired and homes move fast. Click on the link below for more information, call the McAllister Int'l Group at 561-756-0891 or visit

‪#‎summerfieldgolfclub‬ ‪#‎petfriendly‬ ‪#‎mcallisterintlgroup‬

Monday, October 5, 2015


RENTAL JUST LISTED! This gorgeous 4 Bedroom 2 1/2 Bath single family home in the Gated Community of Newport Isles is ready for you to move in. Pet friendly including large dogs (with some community restrictions.) Interior was freshly painted and professionally cleaned so it looks like a model! Call Scott McAllister of the McAllister Int'l Group at 561-756-0891, visit  or click the link below the picture for more information. $1800/Month.

#portstlucie #rental #petfriendly #mcallisterintlgroup

Friday, October 2, 2015

Open House Sunday from 1 to 4 at 3443 SW Sawgrass Villas Dr in Palm City, FL.


Open House Sunday from 1 to 4 at 3443 SW Sawgrass Villas Dr in Palm City, FL. Come down to Florida and get away from the cold. Perfect 3 bedroom first floor unit with garage and east facing porch. Granite kitchen and master bath, split bedroom plan, tons of moldings and crown. Call the McAllister Int'l Group at 561-756-0891.
Click the link below for additional photos and information.

#‎openhouse‬ ‪#‎palmcity‬ ‪#‎sawgrassvillas‬ ‪#‎mcallisterintlgroup‬