Posts by Christina Boyle
Chris Boyle is Vice President and head of the Single-Family Sales & Relationship Management organization. In this capacity, Boyle has responsibility for sourcing Freddie Mac's single-family business, which includes National Lending, Regional Lending, Community Lending, and corporate accounts. Boyle is a member of the executive leadership team and reports to David Lowman, executive vice president of Single-Family Business. A veteran of over 30 years the mortgage industry, Boyle joined Freddie Mac in 1990 and has held a variety of leadership roles in the area of client management. Prior to joining Freddie Mac, she held leadership positions with NBD, Carteret S&L, and Goldome Bank.
Today's consumers persistently overestimate the size of a down payment they need to finance a home. Just how deep-rooted the myth of the large down payment is was made plain in some recent research from Zelman & Associates in New York, which found respondents, on average, believe lenders require equity of 11 to 15 percent.
April marks the beginning of the homebuying season, and for the first time in well over a decade, home sales – not refinancings – are expected to dominate the market. But a few stubbornly persistent myths about buying a home are likely to keep some potential buyers on the sidelines. Let's knock down those myths with the facts.
A little-known change in Freddie Mac’s rules could be a big help to qualifying retiring Baby Boomers and other savvy homebuyers who have limited incomes but substantial financial assets, for a low-rate conforming, conventional mortgage.